China’s regulator gets tough on insider trading as it metes out record penalty on wrongdoers in the financial markets

• Shanghai entrepreneur and his daughter were slapped with a record fine and had their ill-gotten gains confiscated, in a penalty valued at 3.6 billion yuan
• The couple used their inside information to build a long position in Shanghai-listed Joincare Pharmaceutical Group ahead of the company’s disclosure of a stake sale to units controlled by two of China’s best known investors