Home Business Brokerage employee’s violation of regulations “combining orders” was strictly supervised by 4 employees of CITIC Securities Business Department receiving warning letter_ 东方 Fortune

Brokerage employee’s violation of regulations “combining orders” was strictly supervised by 4 employees of CITIC Securities Business Department receiving warning letter_ 东方 Fortune

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Original title: Brokerage employees are under strict supervision for violations of “combining orders”, and 4 employees of the business department of CITIC Securities received the warning letter

Summary

[FouremployeesfromthebusinessdepartmentofCITICSecuritiesreceivedawarningletterforviolationsoftherulesandregulationsof”combiningorders”Althoughprivateequityfundssetaninvestmentthresholdofonemillionforindividualinvestorssomeofthesecuritiescompanies’salesareinordertohelpcustomers“reachthestandard”Thepersonnelarewanderinginthegreyareaof​​therulesRecentlyfouremployeesoftheShandongbusinessdepartmentofCITICSecuritiesprivatelyorganizedinvestorsto”combineorders”whensellingprivateequityfundsandtheShandongSecuritiesRegulatoryBureauissuedawarningletterforadministrativesupervisionmeasures(ChinaBusinessNews)


Although private placementfundThere is an investment threshold of one million funds for individual investors. However, in order to help customers “reach the standard”, someBrokerageThe salesperson is walking in the grey area of ​​the rules.

recently,CITIC SecuritiesWhen four employees of the Shandong business department were selling private equity funds, they privately organized investors to “combine orders” to purchase, and the Shandong Securities Regulatory Bureau issued a warning letter for administrative supervision measures.

According to the news on the website of Shandong Securities Regulatory Bureau on June 1,CITIC Securities(Shandong) Zouping Daixi 3rd Road Sales Department employee Zhang Tao and other 4 people took administrative supervision measures to issue warning letters. The above-mentioned personnel promised investors income in the sales of “Jiangsu Gaotou Nugget No. 1 New OTC Investment Fund” business And many other questions.

The reporter found that this private equity fund was established in November 2015, with a scale of about 143 million yuan. The manager is Jiangsu High-tech Investment Co., Ltd.CITIC SecuritiesHosting,PerformanceThe remuneration is “with an annualized rate of more than 6% and withdrawing 20%.”

The manager, Jiangsu Gaotou, also got into lawsuits over the fund.

It is not an isolated case that brokerage employees are fined for “compelling orders” to buy private equity. The compliance awareness and the standardization of practice behaviors of brokerage employees are encountering strict supervision.

News from Shandong Securities Regulatory Bureau (Source: China Securities Regulatory Commission official website)

  Privately organize investors to buy funds

The Shandong Securities Regulatory Bureau stated that after investigation,CITIC Securities(Shandong) Zhang Tao, Liu Aiping, Sun Chunyan and Wang Liping from the sales department of Daixi 3rd Road in Zouping have one or more of the following problems in the sales of the “Jiangsu Gaotou Nuggets No. 1 New Third Board Investment Fund” business: Fully disclose product risks to investors; second, promise returns to investors; third, privately organize investors to pool funds to purchase the fund under the name of designated customers; fourth, fail to implement customer real-name management requirements.

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“The above behavior reflects the lack of compliance awareness of the above four people, irregular practices in practice, and violation of Article 4 of the Interim Measures for the Supervision and Administration of Private Equity Investment Funds (CSRC Order No. 105).” Shandong Securities Regulatory Bureau said.

According to relevant regulations, it decided to take administrative supervision measures to issue warning letters against Zhang Tao, Liu Aiping, Sun Chunyan and Wang Liping.

What kind of fund did Zhang Tao and the other 4 people “combine orders” to buy?

According to the official website of China Foundation Association, the “Jiangsu Gaotou Nuggets No. 1 New Third Board Investment Fund” was established on November 24, 2015. The manager is Jiangsu High-tech Industry Investment Co., Ltd., and the trustee isCITIC SecuritiesA company limited by shares, the private equity fund was filed on December 1, 2015.

China Foundation Association official website information

China Foundation Association official website information

According to the introduction on the official website of Jiangsu Gaotou, this fund is a private placement of listed companies that specialize in investing in the NEEQ.Stock investmentfund. The size of the fund is 143 million yuan, the duration of the fund is 36 months, and early redemption is not accepted. The performance remuneration is “with an annualized rate of more than 6% and withdrawing 20%.”

Information on Jiangsu Gaotou's official website

Information on Jiangsu Gaotou’s official website

And Jiangsu Gaotou once got into lawsuits over this fund.

In August 2019, China Judgment Documents.com published the “First-instance Civil Ruling on Disputes between Zhao Gongxun and Jiangsu High-Tech Industry Investment Co., Ltd.”.

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It shows that the plaintiff Zhao Gongxun stated that on November 2, 2015,CITIC SecuritiesUnder the organization of HIIC, Jiangsu Gaotou hosted a roadshow for the issuance of Jiangsu High-tech Nuggets No. 1 Fund at the CITIC Securities (Shandong) Conference Center in the form of “on-site participation + video participation”.

In the roadshow, the relevant personnel of Jiangsu High Investment promised that the investment fund’s annualized rate of return will never be less than 15%, and repeatedly stated that if the performance of the three-year project does not increase or there is no way to withdraw when it expires, Jiangsu High Investment will follow suit. Principal plus interestRepurchase

However, since both parties are signing the fundcontractAt that time, it was agreed that the applicable arbitration clause and arbitration institution should be applied after the dispute arises, that is, the dispute should be submitted to the Beijing Arbitration Commission for arbitration, and the court rejected the investor’s lawsuit.

China Judgment Documents Network Information

China Judgment Documents Network Information

  Violation of “spelling orders” encounters strict supervision

Private equity funds have higher investment thresholds for individual investors.

According to the “Interim Measures for the Supervision and Management of Private Equity Investment Funds”, private equity funds should be raised from qualified investors. Qualified individual investors refer to the ability to identify risks and bear risks, and the amount invested in a single private equity fund is not less than 1 million. RMB, and financial assets are not less than 3 million yuan or the average annual personal income of the last three years is not less than 500,000 yuan.

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Currently, some small and medium investors have been turned away from the high threshold. To cope with this situation, some brokerage employees are “collecting orders” and “combining orders” in the sale of private equity products. Such violations are under strict supervision.

Just two months ago, an employee of a Shanghai sales department of Debon Securities was issued a warning letter by the Shanghai Securities Regulatory Bureau for “combining orders” with customers to purchase asset management products.

According to news from the Shanghai Securities Regulatory Bureau website on April 7, Zhang Jianmei worked as a securities practitioner in the Shanghai Liangcheng Road business department of Debon Securities, and jointly invested in the purchase of relevant asset management plan products with customers, and agreed to share the benefits and risks.

The Shanghai Securities Regulatory Bureau believes that the above behavior does not comply with the provisions of Article 13 Paragraph 3 of the “Interim Regulations on the Administration of Securities Brokers” and violates Article 10 Paragraph 2 of the “Measures for the Compliance Management of Securities Companies and Securities Investment Fund Management Companies” Regulations. In accordance with the provisions of the first paragraph of Article 32 of the “Measures for the Compliance Management of Securities Companies and Securities Investment Fund Management Companies”, it is now decided to adopt the supervision and management measures of issuing warning letters.

(Source: China Business News)

(Editor in charge: DF537)

Solemnly declare: The purpose of this information released by Oriental Fortune.com is to spread more information and has nothing to do with this stand.

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