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Notice on Investigation and Punishment against Law and Rule Violations during November 2017

Notice on Investigation and Punishment against Law and Rule Violations during November 2017

FILING SERIAL: [2017] No. 85

December 13, 2017 

The Exchange has been putting its efforts in investigation and punishment against law and rule violations as per relevant laws and rules, so as to truly enhance risk prevention, intensify frontline regulation, normalize futures transaction behaviors and protect the legitimate rights of participants in futures market. The enforcement against such violations during November 2017 is as follows:

In November, there were totally 13 abnormal transaction behaviors under the Exchange’s investigation for causing abnormal price fluctuations. Among them, 7 cases suspected of being in violation of trading rules were under formal investigation.

In November, there were totally 85 abnormal transaction behaviors which triggered the disciplinary action by the Exchange against them, including 26 cases for exceeding the limit of self-matching deals, 58 cases for exceeding the limit of frequent placing and cancellation of orders, and 1 case for exceeding the limits of combined position held in account group of control relationships. As for 6 clients falling into the scope of abnormal transaction as defined in the Exchange’s relevant rules, they were imposed public criticism and restrictions on opening new positions.

Hereby notify the above.

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