Home > economy Channel >                 text

China Securities Regulatory Commission: resolutely investigate and deal with violations of laws and regulations by securities investment consulting agencies

January 11, 2019 20:22
source: SFC website

Oriental Fortune APP

  • Convenient
  • Mobile phone viewing financial news
  • Professional, rich
  • Master the pulse of the market

Read articles on your phone

  • prompt:
  • WeChat sweep
  • Share it to you
  • Circle of friends
Summary
[CSRC: Resolutely investigate and deal with violations of securities investment advisory institutions] Recently, in response to improper marketing and illegal operation of some securities investment consulting institutions, the CSRC has intensified law enforcement inspections, cleared industry disciplines, and concentratedly investigated and handled a number of cases. In 2018, administrative supervision measures were taken against 58 consulting organizations or their branches, and 35 administrative measures were ordered to suspend new customers. If administrative punishment is imposed according to law, administrative punishment has been implemented or the procedure for filing an investigation has been initiated. (SFC)

Recently, for the partStock investmentIn the case of improper marketing and illegal operation of consulting organizations (hereinafter referred to as consulting organizations), the CSRC intensified law enforcement inspections, cleared industry disciplines, and concentratedly investigated and handled a number of cases. In 2018, administrative supervision measures were taken against 58 consulting organizations or their branches, and 35 administrative measures were ordered to suspend new customers. If administrative punishment is imposed according to law, administrative punishment has been implemented or the procedure for filing an investigation has been initiated.

In the next step, the CSRC will continue to maintain a high-pressure supervision situation with the industry associations, increase the intensity of inspection and law enforcement and self-discipline management, and comprehensively apply administrative supervision measures, administrative penalties and disciplinary measures to the consultation agencies that have violated laws and regulations. Strictly investigate and investigate the responsibilities of relevant institutions and personnel; if the circumstances are serious, the business license shall be revoked; if the suspect is involved in a crime, it shall be transferred to the judicial organ for criminal responsibility.

The consulting organization shall abide by the provisions of laws and regulations, follow the principles of objectivity, fairness and honesty, perform due diligence, diligence and conscientiousness, and effectively protect the legitimate rights and interests of investors;PerformanceConduct false, false, exaggerated, misleading marketing propaganda; may not promise investment income; may not agree with investors to share investment income or share investment losses; the consulting firm engaged in securities investment consulting business should have qualifications for employment.

The CSRC reminds investors that before accepting securities investment consulting services, it should verify whether the service organizations and personnel hold legal qualifications and whether there are restricted businesses. Specific information can be found on the website of the Securities Regulatory Commission on the “Regulatory Information Disclosure Catalogue” and the China Securities Industry Association website. The institutions that have been suspended by the CSRC to suspend new customer administrative supervision measures or those who have been suspended by the Association for disciplinary action have been clearly listed. . When investors accept securities investment consulting services and find that there are violations of laws and regulations in the consulting organization, they can call the relevant hotline to make complaints and reports.

  Related reports>>>

  The CSRC announces 20 typical illegal cases. The long-lived biological fraud case is listed among them.

  The CSRC plans to increase the enforcement of mandatory delisting

  Liu Shiyu has been investigating here for three consecutive years at the beginning of the new year. The SFC will do these major events in 2019.

(Article source: SFC website)

                (Editor: DF075)

you might be interested
  • News
  • stock
  • global
  • Hong Kong stocks
  • US stocks
  • futures
  • Foreign exchange
  • life
    click to see more
    No more recommendations
    • name
    • Latest price
    • Quote change
    • Hand turnover rate
    • Capital inflow
    Please download Oriental Fortune products to see real-time quotes and more data.
    Click ranking
    Solemnly declare:Oriental Fortune.com publishes this information to disseminate more information and has nothing to do with the position of this website. Oriental Fortune.com does not guarantee the accuracy, authenticity, completeness, validity, timeliness, originality, etc. of all or part of this information (including but not limited to text, data and graphics). The relevant information has not been confirmed by this website, and does not constitute any investment advice for you. According to this operation, the risk is at your own risk.
    couponcode3.xyz