Events: Huang respondent compensation case filing insider trading or face a lawsuit surge
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Analysis of the industry, overwhelmed by civil compensation case when the defendant Huang formal hearing, Mr Huang may also be faced with many investors filed a civil suit for compensation.
May 18, 2010, Huang Guangyu, the Beijing Second Intermediate Court to commit insider trading, illegal business and units bribery graft and sentenced her to 14 years imprisonment and fined 600 million yuan, RMB confiscation of personal property 2 billion. Huang appealed this decision to the Beijing Higher People's Court. August 30, the Beijing High Court upheld the decision made by the second trial.
After the criminal case concluded in the Huang Guangyu, Huang Guangyu, the legal profession is facing proposed administrative proceedings and civil proceedings are possible. Zhang Yuanzhong said that according to Article 76 of the Securities Act provides that insider trading caused losses to investors, the perpetrator shall be liable for damages. According to Article 202 of the Securities Act, securities trading inside information or illegal access to inside information insider who, in relation to securities, transaction or other securities of the price information public before a significant impact on the sale of the securities, or disclose The information, or suggest that other people sell the securities, and securities regulators will also be administrative penalties.
Accordingly, Zhang Yunzhong two investors filed the first agency civil suit for compensation.
(Editor: LIU Yu-zhou) |
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