"Han Gang applies the fourth paragraph of Article 180 of the Criminal Law: the crime of trading with undisclosed information." Hu Ting, a lawyer of Guangdong Dana Law Firm, pointed out that this clause stipulates that employees of financial institutions engage in trading activities related to this information in violation of regulations with undisclosed information other than insider information obtained by taking advantage of their positions. If the circumstances are serious, he shall be sentenced to fixed-term imprisonment of not more than five years or criminal detention, and shall be fined not less than one time but not more than five times the illegal income; If the circumstances are especially serious, he shall be sentenced to fixed-term imprisonment of not less than five years but not more than ten years, and shall be fined not less than one time but not more than five times the illegal income.
"This case is the first case in which a fund manager was sentenced for engaging in related trading activities in violation of regulations, and its warning and educational significance cannot be ignored." Hu Ting said. Although Han Gang was the first fund manager to be sentenced for using undisclosed information, he was not the first fund manager to engage in such illegal transactions.