Recently, the Beijing Securities Regulatory Bureau released 8 decisions on administrative supervision measures, and issued fines to 6 institutions and 5 responsible persons, involving onesecuritiescompany, two futures companies, a private equity firm and an investment consulting firm.
△ Source: Official website of Beijing Securities Regulatory Bureau
Touching the red line of supervision again, “Niu San” Chen Fashu raised a placard in violation of regulations and was warned
△ Source: Official website of Beijing Securities Regulatory Bureau
The Beijing Securities Regulatory Bureau recently issued the “Regulations onXinhuaduIndustrial Group Co., Ltd.,XinhuaduIndustrial Group (Shanghai) Investment Co., Ltd., Chen Fashu, Lin Yuye, and Chen Yanhui’s decision to issue a warning letter.
Chen Fashu, the well-known “Niu San” and the former richest man in Fujian, failed to raise the placard in timeannouncementHe was punished by the Beijing Securities Regulatory Bureau.Chen Fashu raised the placard this timeSent sharesnot only the subordinate companies were dispatched together, but also the family members, including his wife Lin Yuye and son Chen Yanhui.Sent sharesThe cumulative increase in 2021 is more than 470%.
The placard means acquisition. “securitiesThe Law stipulates that when an investor holds 5% of the issued shares of a listed company, it shall report to the State Council within 3 days from the date of the occurrence of the fact.securitiesThe supervisory and management agency and the stock exchange shall make a written report, notify the listed company and make an announcement, and perform the obligations stipulated by the relevant laws.
After investigation by Beijing Securities Regulatory Bureau,XinhuaduIndustrial Group Co., Ltd., New Huadu Industrial Group (Shanghai) Investment Co., Ltd., Chen Fashu, Lin Yuye, Chen Yanhui and Xiamen New Huadu Investment Management Consulting Co., Ltd.Sent sharesshareholder, acting in concert with each other. On December 6, 2021, the securities account under Chen Fashu’s name successively bought 1.5 million shares of Sente shares, and the total shareholding ratio of the above-mentioned concerted actors increased from 4.78% to 5.06%.The shareholding change information has not been announced within 3 days, and will not be announced until December 31, 2021; And from December 6 to December 29, 2021, the securities account under the party’s name continued to buy and sell Sente shares,Maintain the shareholding ratio above 5%, up to 5.20%。
Beijing Securities Regulatory Bureau believes that the above behavior violates the provisions of Article 13 of the “Administrative Measures for the Acquisition of Listed Companies” (Order No. 166 of the CSRC), and in accordance with the “Administrative Measures for the Acquisition of Listed Companies” (Order No. 166 of the China Securities Regulatory Commission) 70 Article 5 stipulates that it is decided to take administrative supervision measures by issuing a warning letter.
Futures company with flaws in internal control was ordered to rectify
Futures companies such as China International Futures and Kyushu Futures were ordered to make corrections, and the regulatory fines pointed to imperfect internal data storage and insufficient internal control.
After investigation, China International Futures Co., Ltd. has the following problems: First,Part of the Articles of Association conflicts with laws and regulationsthe Articles of Incorporation in the directors andexecutiveRequirements in terms of term of office and the operation of the board of supervisors have not been strictly implemented;The company’s internal management data storage is not perfect。
△ Source: Official website of Beijing Securities Regulatory Bureau
Kyushu Futures has the following violation facts: First, it failed to conduct due diligence on some intermediaries in accordance with the company’s regulations, and failed to effectively review the information of the intermediaries; second, it failed to return visits to some customers in accordance with the company’s regulations.The above problems reflectThere are internal control defects in the management of the company’s intermediary。
△ Source: Official website of Beijing Securities Regulatory Bureau
In addition, as the deputy general manager of Jiuzhou Futures at the time, Liu Xianglong was in charge of the brokerage business department and was responsible for managing the company’s intermediary business. He was directly responsible for the management of the above problems. The Beijing Securities Regulatory Bureau took the regulatory measures of issuing a warning letter to him.
△ Source: Official website of Beijing Securities Regulatory Bureau
Hexun information exists to the pastperformanceMake misleading marketing claims
△ Source: Official website of Beijing Securities Regulatory Bureau
due to developingStock investmentThere were irregularities in the consulting business process, and Hexun Information Technology Co., Ltd. was ordered to correct by the Beijing Securities Regulatory Bureau.
Specifically, one isIrregular conduct of securities investment advisor business promotion and customer solicitationmisleading marketing claims about past performance;two isInadequate management of traces in the promotion of securities investment consulting business. Hexun Information violated the provisions of Article 24 and Paragraph 1 of Article 28 of the “Interim Provisions on Securities Investment Advisory Business” (hereinafter referred to as the “Interim Provisions”).
Beijing Securities Regulatory Bureau stated that Hexun Information should immediately carry out comprehensive rectification work from the date of receipt of this decision, strictly implement the “Interim Regulations” and other relevant regulations, effectively improve the level of business compliance management, and complete the rectification and submit it within one month. Written rectification report.
New Era Securities is required to carry out asset management business in compliance with laws and regulations
△ Source: Official website of Beijing Securities Regulatory Bureau
The decision of the Beijing Securities Regulatory Bureau shows that in the process of developing asset management business, New Era Securities,There are situations where financing is provided to the local government and its subordinate departments, and the guarantee commitment is accepted by the local government and its subordinate departments。
Since the beginning of this year, New Era Securities has received two fines in a row. In February this year, Jiangsu Securities Regulatory Bureau decided to issue a warning letter to New Era Securities due to insufficient supervision over the use of funds raised by the issuer and insufficient supervision over the issuer’s information disclosure during the period of entrusted management of corporate bonds. .
(Article source: CCTV Finance)