Can employees of securities companies trade stocks?

With the rise of economy, China's investment and wealth management industry is also developing at a high speed. However, in the securities industry, there have always been provisions for securities practitioners to speculate in stocks, and relevant national laws have also clearly stipulated them. Then, can securities practitioners trade their own stocks? What will happen if you find out? Let's go and have a look.

Can employees of securities companies trade stocks?

Employees of securities companies are not allowed to speculate in stocks. Securities practitioners may be accompanied by insider trading, interest transfer and other illegal acts, undermining market confidence. So this kind of behavior is forbidden by law.

In addition, Article 9 of the Code of Conduct for Securities Practitioners stipulates that securities practitioners shall not engage in the following activities:

(a) using undisclosed information to engage in insider trading or trading activities, revealing insider information or other undisclosed information obtained by taking advantage of work convenience, or explicitly or implicitly engaging in insider trading activities by others;

(2) Taking advantage of capital advantage, shareholding advantage and information advantage to influence the price or volume of securities trading individually or in collusion, misleading and interfering with the market;

(3) fabricating and disseminating false information, or making false statements or misleading information to disrupt the securities market.

(four) damage the public interests, institutions or the legitimate rights and interests of others;

(5) Engaging in businesses that have conflicts of interest with the performance of duties;

(6) accepting or bribing stakeholders, such as accepting or giving gifts, kickbacks, remuneration or gratuities, or engaging in activities that may lead to conflicts of interest with investors or institutions;

(seven) the sale of securities prohibited by law;

(8) Transferring benefits to any institution or individual by taking advantage of work, and harming the interests of customers and institutions;

(nine) in violation of regulations, make a promise to the customer that the investment will not lose money or guarantee the minimum income;

(10) Concealing, forging, tampering with or damaging transaction records;

(eleven) other acts prohibited by the China Securities Regulatory Commission and the association.

What will happen if securities practitioners are found to be trading stocks?

You will face these penalties: First, you will be disqualified; Second, confiscate the illegal income; 3. Dispose of illegally held stocks according to law; Four, the sale of shares below the equivalent fine; Five, if the national staff will also be given administrative sanctions.