There are also securities practitioners who have been punished for “stock speculation on behalf of clients”< Br > < div class= "contheight" > < / div > recently, the Shanghai Securities Regulatory Bureau issued a decision on administrative punishment against Mr. Liu. From September 24, 2013 to June 3, 2020, Mr. Liu served successively as a researcher, investment manager and deputy director (presiding) of Equity Investment Department of Shanghai Haitong Securities Asset Management Co., Ltd. (hereinafter referred to as “Haitong asset management”), and was a securities practitioner< img alt="" style="width:600px;" src=" https://imagecloud.thepaper.cn/thepaper/image/203/613/81.png "> coincidentally, on June 30, Xiamen Securities Regulatory Bureau issued the decision on administrative punishment against Liu Zhongxin. Liu Zhongxin served as the customer manager of Xiamen Lianhua South Road Securities Business Department of Guosheng Securities Co., Ltd. (hereinafter referred to as” Guosheng securities “) from December 3, 2018 to March 31, 2022, and was an employee of the securities company. 
it is worth noting that the reason for the punishment of Liu by Shanghai Securities Regulatory Bureau is illegal trading of stocks, and the reason for the punishment of Liu Zhongxin by Xiamen securities regulatory bureau is privately accepting clients’ entrustment to buy and sell securities and holding and trading stocks in the name of others, both of which are” stock speculation on behalf of clients “.
< div class=" contheight "> < /div>