Why can't the staff of securities companies speculate in stocks?

Because of the particularity of the profession of securities practitioners, they may have conflicts of interest with their own business when buying and selling securities, and may also be exposed to some information that affects the price of securities in advance. In order to protect the legitimate rights and interests of investors and provide fair trading opportunities for market participants, China's laws expressly prohibit some employees from buying and selling securities stipulated in the Regulations.

According to the Securities Law of People's Republic of China (PRC)

Article 43 Employees of stock exchanges, securities companies, securities registration and settlement institutions, staff of securities supervision and administration institutions, and other personnel who are prohibited from participating in stock trading by laws and administrative regulations shall not hold or buy or sell stocks directly or under a pseudonym or in the name of others during their term of office or within the statutory time limit, and shall not accept stocks donated by others.

Article 233 In case of violation of laws, administrative regulations or relevant provisions of the State Council securities regulatory authority, if the circumstances are serious, the State Council securities regulatory authority may take measures to prohibit the relevant responsible persons from entering the securities market. The prohibition of entry into the securities market mentioned in the preceding paragraph refers to the system that you are not allowed to engage in securities business or serve as a director, supervisor or senior manager of a listed company for a certain period of time until your life.

Extended data:

Fund practitioners can invest in securities.

20 13 The newly revised Fund Law released the restrictions on the securities investment of fund employees for the first time. Article 18 of the Fund Law stipulates that the directors, supervisors, senior managers, other employees, their spouses and interested parties of the fund manager who publicly raises funds shall report to the fund manager in advance and shall not have conflicts of interest with the fund share holders.

The fund manager of a publicly offered fund shall establish a management system for the declaration, registration, examination and disposal of securities investment by the personnel specified in the preceding paragraph, and report it to the the State Council Securities Regulatory Authority for the record.

On February 20 13, the fund industry association issued the "Guidelines on Securities Investment Management of Fund Employees (Trial)", which further clarified the requirements for securities investment behavior of fund employees, guided the industry to do a good job in self-discipline of securities investment management of fund employees, and standardized the securities investment behavior of fund employees.

Baidu Encyclopedia-People's Republic of China (PRC) Securities Law