Business / Markets

Securities watchdog announces illegal stock operation penalties

(Xinhua) Updated: 2016-05-14 09:59

BEIJING - China's securities regulator has punished two individuals and two companies involved in four cases of stock market violations, it announced on Friday.

The China Securities Regulatory Commission (CSRC) imposed total fines of 14.51 million yuan ($2.23 million) in the cases, according to a statement on the CSRC website.

One person who profited from stock trading by taking advantage of his or her position as a securities practitioner was banned indefinitely from entering the securities market.

Other violations involved failure to disclose information and illegal short-term trading.

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