This is the new MLex platform. Existing customers should continue to use the existing MLex platform until migrated.
For any queries, please contact Customer Services or your Account Manager. Dismiss

Chinese securities watchdog fines Era Rigorous Fund, individuals for trading irregularities

( April 5, 2016, 02:48 GMT | Official Statement) -- MLex Summary: The Shanghai bureau of the China Securities Regulatory Commission fined Era Rigorous Fund 30,000 yuan ($4,638) for raising funds from an unqualified private-equity investor. The commission said that qualified institutional or individual investors should invest no less than 1 million yuan in a single private equity in accordance with relevant provisions, but the total value of the fund shares sold by an affiliated company of Era Rigorous to an individual were only 300,000 yuan. Additionally, the commission imposed penalties on two individual investors for insider trading in a separate case.The statement follows:...

Prepare for tomorrow’s regulatory change, today

MLex identifies risk to business wherever it emerges, with specialist reporters across the globe providing exclusive news and deep-dive analysis on the proposals, probes, enforcement actions and rulings that matter to your organization and clients, now and in the longer term.


Know what others in the room don’t, with features including:

  • Daily newsletters for Antitrust, M&A, Trade, Data Privacy & Security, Technology, AI and more
  • Custom alerts on specific filters including geographies, industries, topics and companies to suit your practice needs
  • Predictive analysis from expert journalists across North America, the UK and Europe, Latin America and Asia-Pacific
  • Curated case files bringing together news, analysis and source documents in a single timeline

Experience MLex today with a 14-day free trial.

Start Free Trial

Already a subscriber? Click here to login

Related Sections