The Administrative Punishment Law of the People's Republic of China stipulates that administrative punishment shall be prescribed by laws and administrative regulations in principle. The regulations formulated by various ministries and commissions in the State Council can make specific provisions within the scope of acts, types and ranges of administrative punishments prescribed by laws and administrative regulations. The State Council can authorize the directly affiliated institutions with the power of administrative punishment to stipulate administrative punishment according to the above requirements.
According to the principles and requirements for setting administrative penalties, the Company Law, the Interim Regulations on the Administration of Stock Issuance and Trading, the Interim Measures for the Administration of Securities Investment Funds, the Interim Measures for the Administration of Securities and Futures Investment Consulting, the Interim Provisions on the Prohibition of Securities Fraud and other laws, administrative regulations and normative documents clearly stipulate the administrative penalties for illegal acts in the securities market.
The administrative punishment of China Securities Regulatory Commission mainly includes:
1, ordered to stop issuing securities.
2, ordered to suspend business for rectification.
3. Suspension or revocation of securities and futures business licenses.
4, revocation of qualifications or securities business qualifications.
It is illegal to fine or confiscate individuals.
6. Impose fines on legal persons or other organizations or confiscate illegal income, etc.
For example:
1. According to Article 204 of the Securities Law, anyone who buys or sells securities in violation of the law within the period of restricted transfer shall be ordered to make corrections, given a warning, and fined for buying or selling securities below the equivalent value. Give a warning to the directly responsible person in charge and other directly responsible personnel, and impose a fine of more than 30,000 yuan and less than 300,000 yuan.
2. According to the provisions of Article 205 of the Securities Law, if a securities company violates the provisions of this Law and provides margin financing and securities lending for customers to buy and sell securities, its illegal income shall be confiscated, its relevant business license shall be suspended or revoked, and a fine of less than the equivalent value of illegal margin financing and securities lending shall be imposed. Give a warning to the directly responsible person in charge and other directly responsible personnel, revoke their qualifications or securities business qualifications, and impose a fine of not less than 30,000 yuan but not more than 300,000 yuan.