Shanghai court sentences “Banned Access to Certain Industry” to a criminal committing securities-related crime

The Shanghai Second Intermediate People ’s Court sentenced Ning, a defendant in an insider trading case, to one year ’s imprisonment, while imposing a punish of prohibiting him from engaging in securities-related occupations for three years from the date of execution of the penalty.

The Shanghai Second Intermediate People ’s Court sentenced Ning, a defendant in an insider trading case, to one year ’s imprisonment, while imposing a punish of prohibiting him from engaging in securities-related occupations for three years from the date of execution of the penalty.

Being prohibited from engaging in certain field under the criminal law is very different from that under the administrative law.

If the perpetrator violates this provision, it is no longer just an administrative punishment, but a criminal law punishment.

This has further improved the requirement of the industry access and has eliminated the possibility of securities practitioners who violated their behavior obligations and ethical requirements for a period of time to commit further crimes, and played a strong punishment and warning function.

Restraining securities crimes from the source is of great significance in preventing and mitigating major financial risks.

Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2020/06/10/shanghai-court-sentences-banned-access-to-certain-industry-to-a-criminal-committing-securities-related-crime/.

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