{"id":1247,"date":"2022-03-25T21:10:58","date_gmt":"2022-03-25T13:10:58","guid":{"rendered":"https:\/\/fdlaw.com.tw\/?p=1247"},"modified":"2026-10-14T15:28:42","modified_gmt":"2026-10-14T07:28:42","slug":"insider-trading","status":"publish","type":"post","link":"https:\/\/fdlaw.com.tw\/en\/blog\/insider-trading\/","title":{"rendered":"Involved in the crime of insider trading under the Securities and Exchange Act, a 10-million-dollar female director of China Electronics was interviewed and asked to pay a million-dollar bail. Lawyer Li Yusheng explained the relevant legal issues."},"content":{"rendered":"<div class=\"wp-block-qubely-videopopup qubely-block-757f12\"><div class=\"qubely-block-videopopup-wrapper  qubely-alignment-center\"><div class=\"qubely-block-videopopup-overlay\"><\/div><div class=\"qubely-block-videopopup qubely-size-medium\"><a class=\"qubely-video-popup\" href=\"https:\/\/www.youtube.com\/watch?v=jz61TmTNb4Q\" target=\"_blank\" rel=\"noopener\"><i class=\"qubely-btn-icon fas fa-play\"><span class=\"qubely-ripple\"><\/span><\/i><\/a><\/div><\/div><\/div>\n\n\n\n\n\n<style id=\"fdlaw-blog-polish-style-insider-trading-20260706\">\nbody.postid-1247 .entry-content{--fdlaw-ink:#27313b;--fdlaw-muted:#5f6d7a;--fdlaw-blue:#1f5f8b;--fdlaw-line:#d9e5ee;}\nbody.postid-1247 .entry-content p{line-height:1.9;color:var(--fdlaw-ink);font-size:17px;margin-bottom:1.15em;}\nbody.postid-1247 .entry-content h2.wp-block-heading{margin-top:2.15em;margin-bottom:.75em;padding:0 0 .45em .75em;border-left:5px solid #1f5f8b;border-bottom:1px solid #d9e5ee;color:#17384f;font-size:1.55em;line-height:1.35;}\nbody.postid-1247 .entry-content h3.wp-block-heading{margin-top:1.6em;margin-bottom:.65em;color:#24485f;font-size:1.18em;line-height:1.45;}\nbody.postid-1247 .entry-content a{color:#1f5f8b;text-decoration-thickness:1px;text-underline-offset:3px;font-weight:600;}\nbody.postid-1247 .fdlaw-summary-card,body.postid-1247 .fdlaw-faq-block{margin:1.6em 0 2.1em;padding:1.35em 1.45em;border:1px solid #d9e5ee;border-left:5px solid #1f5f8b;border-radius:8px;background:#f7fbff;box-shadow:0 8px 22px rgba(30,78,112,.08);}\nbody.postid-1247 .fdlaw-summary-card h2,body.postid-1247 .fdlaw-faq-block h2{margin:0 0 .75em;padding:0;border:0;color:#17384f;font-size:1.32em;line-height:1.35;}\nbody.postid-1247 .fdlaw-summary-card ul{margin:.2em 0 0 1.2em;padding:0;}\nbody.postid-1247 .fdlaw-summary-card li{margin:.55em 0;line-height:1.75;color:#31404c;font-size:16.5px;}\nbody.postid-1247 .fdlaw-summary-card strong,body.postid-1247 .fdlaw-faq-block strong{color:#163f5d;}\nbody.postid-1247 .fdlaw-faq-block h3{margin:1em 0 .35em;color:#24485f;font-size:1.08em;line-height:1.45;}\nbody.postid-1247 .fdlaw-faq-block p{background:#fff;border:1px solid #e3ebf2;border-radius:6px;padding:1em 1.1em;margin:.35em 0 1em;}\nbody.postid-1247 .entry-content h3.wp-block-heading + p{background:#fbfdff;border:1px solid #e3ebf2;border-radius:6px;padding:1em 1.1em;}\nbody.postid-1247 .entry-content p:has(a[href*=\"line.me\"]),body.postid-1247 .entry-content p:has(a[href^=\"tel:\"]){background:#fff8ec;border:1px solid #f0d8ae;border-radius:8px;padding:1em 1.15em;font-weight:600;}\n@media (max-width:768px){body.postid-1247 .entry-content p{font-size:16px;}body.postid-1247 .entry-content h2.wp-block-heading{font-size:1.35em;}body.postid-1247 .fdlaw-summary-card,body.postid-1247 .fdlaw-faq-block{padding:1.15em 1.05em;}}\n<\/style>\n\n\n\n<p class=\"has-medium-font-size wp-block-paragraph\">\ud83d\udea9Lawyer Li Yusheng was interviewed by Mirror News<br><\/p>\n\n\n\n<p class=\"has-medium-font-size wp-block-paragraph\">A multi-million CLP female director involved in insider trading was interviewed and asked to post a million-dollar bail<br>Reporter | Photography by Zheng Huiliang | Liu Weiting<\/p>\n\n\n\n<p class=\"has-medium-font-size wp-block-paragraph\">Zhou Lizhen, the female director of China Electric Appliances, a listed company that produces lighting fixtures, was accused of trading stocks during a prohibited trading period after the company released major news in 2020, and was suspected of insider trading. On the 24th, the inspection team conducted multiple searches. After interrogation, he was ordered to post a bail of 1 million yuan. It is worth noting that this is not the first time that this female director has been investigated for a case. In 2016, she was suspected of hollowing out the company and was severely sentenced in the first and second trials. The criminal lawsuit is still under trial.<\/p>\n\n\n\n<p class=\"has-medium-font-size wp-block-paragraph\">Wearing a fisherman&#039;s hat and lowering her head, she slowly walked out of Beijing Examination without saying a word when asked questions. She was Zhou Lizhen, the female director of China Electric Appliances, a listed company. The female director was accused of insider trading because the investigation found that in 2020, she took advantage of the company&#039;s release of major news to trade stocks during the legally prohibited period, making tens of millions of illegal profits. After an overnight retrial, he was finally released on bail of NT$1 million pending trial.<\/p>\n\n\n\n<p class=\"has-medium-font-size wp-block-paragraph\">China Electric Appliances, which owns the East Asia lighting brand, is a long-established local lighting equipment manufacturer, but its female director was suspected of insider trading. This is not the first time she has made news. In 2016, Zhou Lizhen walked haggardly into a prison car under guard. In the past, she had embezzled hundreds of millions of company funds. She was sentenced to 12 years in the first trial and was commuted to 9 years in the second trial. The lawsuit is still under trial.<\/p>\n\n\n\n<p class=\"has-medium-font-size wp-block-paragraph\">Li Yusheng, the company&#039;s legal counsel, stated, &quot;If the proceeds of crime exceed 100 million yuan, the penalty could be more than seven years imprisonment, and most importantly, a fine of 500 million yuan.&quot; Other types of crimes and their requirements can be found in [reference needed].<a href=\"https:\/\/fdlaw.com.tw\/en\/blog\/securities-law-major-crimes-defense\/\">Serious criminal liability under the Securities Exchange Law and other crimes under Article 171<\/a>If you have already received a notification from the Investigation Bureau, you should first confirm...<a href=\"https:\/\/fdlaw.com.tw\/en\/blog\/securities-law-criminal-defense\/\">Interviews and criminal proceedings by the Investigation Bureau in cases related to the Securities Exchange Act.<\/a>The direction of preparation.<\/p>\n\n\n\n<p class=\"has-medium-font-size wp-block-paragraph\">Established listed companies have been subject to numerous lawsuits and disputes in recent years, almost all of which involve families filing lawsuits against each other as they compete for management rights. In 2016, former chairman Yan Ganlin accused current chairman Zhou Lizhen, who is also his niece, of alleged hollowing out. The case of the well-known East Asia Lighting Co., Ltd.&#039;s hollowing out of the executive suite has been controversial, and now insider trading has been revealed, which may once again severely damage the brand&#039;s image.<\/p>\n\n\n\n<p class=\"has-medium-font-size wp-block-paragraph\"><br>\ud83d\udd3dRelated news links\ud83d\udd3d<br>\u25aaMirror News<br><a href=\"https:\/\/www.mnews.tw\/story\/20220325sot12007\" target=\"_blank\" rel=\"noopener\">A multi-million CLP female director involved in insider trading was interviewed and asked to post a million-dollar bail<\/a><\/p>\n\n\n\n<p class=\"has-medium-font-size wp-block-paragraph\"><br>\u2796\u2796\u2796\u2796\u2796\u2796\u2796\u2796<br>If you have any relevant legal questions, please feel free to call us, we will sincerely serve you!<br>Line\uff1a<a href=\"https:\/\/line.me\/ti\/p\/@fdlaw\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/line.me\/ti\/p\/@fdlaw<\/a><br>Tel:<a href=\"tel: 886277093611\" target=\"_blank\" rel=\"noreferrer noopener\">0277093611<\/a><br>Facebook:<a href=\"https:\/\/www.facebook.com\/fudalawyer\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/www.facebook.com\/fudalawyer<\/a><br>website:<a href=\"https:\/\/fdlaw.com.tw\/en\/\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/fdlaw.com.tw\/<\/a><br>e-mail:<a href=\"mailto:info@fdlaw.com.tw\" target=\"_blank\" rel=\"noreferrer noopener\">info@fdlaw.com.tw<\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading has-medium-font-size\" id=\"\u674e\u80b2\u6607\u5f8b\u5e2b\u89e3\u8aaa\"><\/h2>\n\n\n\n<div class=\"wp-block-group fdlaw-faq-block is-layout-flow wp-block-group-is-layout-flow\">\n<h2 class=\"wp-block-heading\">Frequently Asked Questions<\/h2>\n\n\n\n<h3 class=\"wp-block-heading\">What should I do if I receive a criminal summons or am notified by the police?<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">First, confirm the identity of the person as a defendant, suspect, or witness, and gather relevant information. If there is a possibility of criminal liability, it is recommended to consult a lawyer before being questioned.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">When should you hire a lawyer in a criminal case?<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">If the case involves search, arrest, detention, serious crimes, liability of company executives, or substantial damages, it is advisable to consult a lawyer as early as possible.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">What can a criminal lawyer assist with?<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">It can assist with accompanying suspects during interrogations, reviewing case files, applying for bail, defending suspects in detention courts, negotiating settlements, investigating evidence, and conducting arguments and defenses during court trials.<\/p>\n<\/div>\n\n\n\n<script id=\"fdlaw-generated-faq-schema-insider-trading-20260706\" 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female chairman of the listed company China Electric Appliances was reported to have traded stocks during the prohibited trading period in 2020 after the company released important news, and was suspected of insider trading.<br \/>\nLawyer Li Yusheng was interviewed and explained the possible criminal liability in the case.<\/p>","protected":false},"author":1,"featured_media":1251,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"qubely_global_settings":"","qubely_interactions":"","footnotes":""},"categories":[119,136],"tags":[49,51,38,5,50],"class_list":["post-1247","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-commercial-law","tag-49","tag-51","tag-38","tag-5","tag-50"],"blocksy_meta":{"styles_descriptor":{"styles":{"desktop":"","tablet":"","mobile":""},"google_fonts":[],"version":6}},"qubely_featured_image_url":{"full":["https:\/\/fdlaw.com.tw\/wp-content\/uploads\/2022\/03\/20201003003940.jpg",900,674,false],"landscape":["https:\/\/fdlaw.com.tw\/wp-content\/uploads\/2022\/03\/20201003003940.jpg",900,674,false],"portraits":["https:\/\/fdlaw.com.tw\/wp-content\/uploads\/2022\/03\/20201003003940-540x320.jpg",540,320,true],"thumbnail":["https:\/\/fdlaw.com.tw\/wp-content\/uploads\/2022\/03\/20201003003940-150x150.jpg",150,150,true],"medium":["https:\/\/fdlaw.com.tw\/wp-content\/uploads\/2022\/03\/20201003003940-300x225.jpg",300,225,true],"medium_large":["https:\/\/fdlaw.com.tw\/wp-content\/uploads\/2022\/03\/20201003003940-768x575.jpg",768,575,true],"large":["https:\/\/fdlaw.com.tw\/wp-content\/uploads\/2022\/03\/20201003003940.jpg",900,674,false],"1536x1536":["https:\/\/fdlaw.com.tw\/wp-content\/uploads\/2022\/03\/20201003003940.jpg",900,674,false],"2048x2048":["https:\/\/fdlaw.com.tw\/wp-content\/uploads\/2022\/03\/20201003003940.jpg",900,674,false],"trp-custom-language-flag":["https:\/\/fdlaw.com.tw\/wp-content\/uploads\/2022\/03\/20201003003940-16x12.jpg",16,12,true],"qubely_landscape":["https:\/\/fdlaw.com.tw\/wp-content\/uploads\/2022\/03\/20201003003940.jpg",900,674,false],"qubely_portrait":["https:\/\/fdlaw.com.tw\/wp-content\/uploads\/2022\/03\/20201003003940-540x320.jpg",540,320,true],"qubely_thumbnail":["https:\/\/fdlaw.com.tw\/wp-content\/uploads\/2022\/03\/20201003003940-140x100.jpg",140,100,true]},"qubely_author":{"display_name":"\u53f0\u5317\u5f8b\u5e2b\u63a8\u85a6","author_link":"https:\/\/fdlaw.com.tw\/en\/author\/admin\/"},"qubely_comment":0,"qubely_category":"<a 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