July 16 evening, Wandong Medical and diving medical two listed companies were released the same content announcement: July 15 received a notice Mr. Dong Shichang Wu Guangming, called on 13 July 2017 by the Chinese Securities The Supervision and Management Commission's "Notice of Investigation" For its alleged insider trading, the China Securities Regulatory Commission decided to investigate the case in accordance with the relevant provisions of the Securities Law of the People's Republic of China.
However, the official website of the two listed companies controlled by Wu Guangming did not update this information in a timely manner. Among them, the latest information of Yuyue Medical official website is the "Good News" on July 1st, "Congratulations to Mr. Wu Guangming, Chairman of the Yuyue Group, as the Vice Chairman of the "Jiangsu Provincial Federation of Industry and Commerce Executive Committee".
"Insider trading" refers to insider personnel and improperly obtaining insider information, violating laws and regulations, leaking inside information, buying or selling securities based on inside information or proposing to buy or sell securities advice to others. Once the insider trading behavior is confirmed, the lighter will be subject to the administrative punishment of the CSRC. If the circumstances are serious, the crime of insider trading in the criminal law may be violated. According to the relevant penalties for "the crime of insider trading", the natural person involved in crimes shall be sentenced to fixed-term imprisonment of not more than five years or criminal detention, and shall be fined more than one time and five times less than the illegal income of one person; if the circumstances are particularly serious, he shall be sentenced to more than five years and more than ten years. The following sentences are punishable by imprisonment and a fine of more than one to five times the illegal income.
Yu Yue Medical, Chairman of Wandong Medical Wu Guangming
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