[Securities practitioner Ma Mou spreads false information, and the China Securities Regulatory Commission fines him 300,000 yuan] On September 11, the China Securities Regulatory Commission issued an administrative penalty decision [2026] No. 38, which showed that the China Securities Regulatory Commission launched an investigation into the party Ma Xingrui (female) fabricating and spreading false information. It was found that the parties concerned had the following illegal facts: 1. Ma Xingrui spread false information. On December 16, 2025, Ma Xingrui browsed relevant information involving tax rate adjustments in the WeChat group and forwarded the original text to other WeChat groups on that day. After investigation, the above information was found to be false. 2. False information disrupted the securities market. As a securities practitioner, Ma Xingrui failed to fulfill the necessary duty of care and spread false information without considering and verifying the authenticity of the relevant information, resulting in false information being widely spread on the Internet platform and disrupting the securities market. Ma Xingrui had no illegal gains from the above-mentioned acts. The China Securities Regulatory Commission decided to impose a fine of 300,000 yuan on Ma Xingrui.