Financing by mice storehouse "lifelong prohibiting role."

The China securities regulatory commission announced yesterday, according to surveys, already finalized accommodation fund management Co., LTD ZhangYe violations of the fund manager of a case, ZhangYe on administrative penalty and lifelong market off-limits.
At present, the decision on administrative punishments, the market has made a decision that is allowed according to procedures. This is the last of the CSRC on April TangJian case, WangLiMin case to be punished, and put together again illegal stock fund employees.
The CSRC in April ZhangYe for investigation. In 2007, the survey found to ZhangYe in February this year, as the fund manager, the financing of convenient access during financing fund investment in research and information, and operation control of Qiang "others", take account of financing fund prior to the related fund buy or sell stocks trading, seek interests for others, their personal gain advantage. This violated the securities investment funds law prohibiting in article 18 of the fund property damage and fund share holders benefit of securities trading and other activities.
In addition, December 2006-2007 July, during the ZhangYe also through the network, operating under the same trade partner account 000537) (cosmos more stock, obtain interest. This violated the securities law article prohibiting related personnel of the stock.
The CSRC, cancel the fund ZhangYe decision, confiscate its unlawful qualifications obtained 229 million yuan, impose fines for 400 million, the lifelong market off-limits.
According to the reporter understands, ZhangYe on personal and at the same time, the CSRC filed for financing funds also including the system construction, investment management, personnel management, review of auditing on-site examination. "From the examination results, system construction and implementation of company some problems and the weak link, the problem doesn't conform to the relevant provisions of the CSRC, has ordered financing funds for 6 months, instruct rectification supervision bureau of shenzhen wave the implementation of corrective actions and maturity, the rectification. New business related fund company limited.