B · Normal
[Four persons responsible for the financial fraud case of Qingyue Technology were banned from the securities market for 3 to 8 years] On October 30, the China Securities Regulatory Commission made a decision to punish the then chairman and general manager Gao Yu in the fraudulent issuance and information disclosure case of Qingyue Technology. The younger brother was banned from the securities market for eight years, the then executive deputy general manager Mu Xinju was banned for six years, the then financial director and board secretary Zhang Xiaobo was banned for five years, and the then chairman of the board of supervisors Wu Lei was banned for three years. During the period of ban, the above-mentioned persons are not allowed to engage in securities business or securities service business, nor are they allowed to serve as directors, supervisors, or senior managers of securities issuers.
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