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Chi Wei, a securities professional, was fined 250,000 yuan for trading stocks using others’ accounts over a 19-year period, resulting in losses of 4.7621 million yuan.
Svmuu News: According to an administrative penalty decision released by the Tianjin Securities Regulatory Bureau, securities industry professional Chi Wei was fined 250,000 yuan for using others’ securities accounts to trade stocks over a period of 19 years, resulting in cumulative losses of 4.7621 million yuan. Regulators determined that his actions violated provisions of the Securities Law prohibiting securities professionals from holding or trading stocks directly or under aliases or in the names of others, constituting an illegal act.
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