According to the statistics of Bread Finance on the date of the penalty announcement, in the first quarter of 2024, Haitong Securities received 4 fines issued by the financial regulatory authorities, including 2 fines issued by the Shanghai Securities Regulatory Bureau and 2 fines issued by the exchange.
On February 1, 2024, the Shanghai Securities Regulatory Bureau disclosed the "Decision on Ordering Haitong Securities Co., Ltd. to Punish Relevant Personnel". According to the document, "after investigation, our bureau found that your company has the following situations: the internal control related to the OTC options business is not sound, the internal management system covering all aspects of the OTC options business has not been established and improved, and the reporting path and handling methods for the excess risk indicators at the department level have not been clarified." The risk indicator system related to OTC derivatives business is not sound".
In addition, in April 2024, Haitong Securities received the Notice of Case Filing from the China Securities Regulatory Commission (Zheng Jian Case No. 03720240050). Due to the company's suspected violations of laws and regulations in the process of transferring the non-public issuance of shares of China Nuclear Titanium Dioxide in 2023 in violation of restrictive provisions by relevant entities, in accordance with the Securities Law of the People's Republic of China, the Administrative Punishment Law of the People's Republic of China and other laws and regulations, on March 13, 2024, the China Securities Regulatory Commission decided to file a case against the company.
A total of 6 fines were received in 2023
According to the statistics of the information notified by the regulatory authorities, in 2023, the financial regulatory authorities will issue 6 fines to Haitong Securities, including 3 fines issued by the CSRC and the CSRC Branch, and 3 fines issued by the exchange.
In November 2023, the Hubei Securities Regulatory Bureau disclosed the "Decision of the Hubei Securities Regulatory Bureau on Issuing Warning Letters to Haitong Securities Co., Ltd., Zhu Jisai, and Chen Bangyu". According to the disclosed information, in August 2023, Haitong Securities, as one of the sponsors of Chaozhuo Hangke, found that the use of funds deposited in the account of Nanjing Chengbei Branch of China Merchants Bank Co., Ltd., a wholly-owned subsidiary of Chaozhuo Hangke, was untrue and the bank deposits were frozen, and effective investigation and supervision were not carried out in a timely manner.
(Article Serial Number: 1780495705526374400)
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