# SHFE disciplinary decision: 2 clients suspended from opening positions for 7 months over pre-arranged options trades

The official Chinese text prevails.

## English summary

SHFE's disciplinary decision 〔2026〕234号 sanctions individuals 李曼 and 胡珩. On 26 January 2026, 李曼 directed trades between her own account and 胡珩's account in options contracts ni2609C150000 and ag2606C26000, showing clear intent of pre-arranged trading and transferring 60,025 yuan to 胡珩's account. SHFE issued a public criticism, ordered correction, and suspended both from opening positions for 7 months from the day after receipt of the decision.

Timing stated in this notice: Suspension of opening-position trading for 7 months starting the day after the parties receive the disciplinary decision; no calendar start date is stated.

Scope: Individuals 李曼 and 胡珩; the trades involved options contracts ni2609C150000 and ag2606C26000. Futures firms are asked generally to strengthen client compliance education and online-trading monitoring.

Limitations: The notice does not state the date the decision was received, so the exact suspension period is not established. It does not name the futures companies involved or describe any monetary penalty.

Topics: [Compliance](https://chinaexchangecirculars.com/topics/compliance/)

## Evidence excerpts

> ni2609C150000、ag2606C26000两个期权合约上相互交易

> 转移资金共计60,025元

> 暂停开仓交易7个月的处分

## Source and dates

Original Chinese title: 违规处理决定公告

Official publication date: 2026-10-27

[Official Chinese source](https://www.shfe.com.cn/publicnotice/notice/202610/t20261027_833840.html)

[CEC HTML](https://chinaexchangecirculars.com/notices/shfe-88dd2dfe2b9f36f161e9/) · [Canonical notice](https://chinaexchangecirculars.com/notices/shfe-88dd2dfe2b9f36f161e9/)

## Chinese original

```text
〔2026〕234号 当事人: 胡珩，女，1977年出生，户籍地上海市。 李曼，女，1989年出生，户籍地宁夏银川市。 2026年1月26日，李曼主导操作其个人账户和胡珩账户在ni2609C150000、ag2606C26000两个期权合约上相互交易，从交易手法、报单情况等维度来看，存在明显约定交易意图。上述交易导致李曼账户向胡珩账户转移资金共计60,025元。上述行为已构成《上海期货交易所违规处理办法》第三十二条第一款第三项规定的违规行为，依据该办法第三十二条，本所决定： 1．给予李曼、胡珩通报批评处分。 2．责令改正，给予李曼、胡珩自收到违规处理决定书次日起暂停开仓交易7个月的处分。 相关期货公司应加强对客户的合规教育，加强对网上交易的监控和管理，防范类似事件再次发生。 相关违规处罚决定记入证券期货市场诚信档案数据库。 上海期货交易所 2026年10月27日
```

Independently compiled for information only, not investment advice. Official Chinese notices and your broker’s applicable terms prevail.