According to the statistics of Bread Finance on the date of the penalty announcement, in the first quarter of 2024, Galaxy Securities and its branches received 3 fines issued by the financial regulatory authorities.
According to the announcement on February 8, 2024, China Galaxy Securities was fined 1.59 million yuan by the People's Bank of China for "failing to perform customer identification obligations as required; failing to submit large-value transaction reports or suspicious transaction reports as required".
In addition, in April 2024, the Beijing Securities Regulatory Bureau issued the "Decision on Administrative Regulatory Measures for Issuing a Warning Letter to China Galaxy Securities Co., Ltd." to Galaxy Securities. According to the document, "after investigation, your company has been imprudent in carrying out over-the-counter options and stock pledge business, and has not properly monitored the investment behavior of employees, their spouses and stakeholders, reflecting the company's failure to effectively implement compliance management and violating Article 3 of the Measures for the Compliance Management of Securities Companies and Securities Investment Fund Management Companies (Revised in 2020)". ”
A total of 3 fines will be received in 2023
According to the statistics of the information notified by the regulatory authorities, in 2023, the financial regulatory authorities will issue 3 fines to Galaxy Securities and its branches, including 2 fines issued by the CSRC and the CSRC Branch, and 1 fine issued by the exchange.
In September 2023, the Shenzhen Stock Exchange issued the "Decision on Giving Notification and Criticism to China Galaxy Securities Co., Ltd. and Related Parties". According to the content of the "Decision", Chen Zhaojun and Yao Zhaowu are the sponsor representatives of the project for the application for the initial public offering of shares and listing on the GEM recommended by the company for Huayao Optoelectronics (hereinafter referred to as the issuer). It was found that the sponsor and the sponsor representative had committed the following irregularities in the course of their practice: "1. Failing to conduct adequate verification of major litigation to which the actual controller of the issuer is a party as required; 2. Failing to urge the issuer to fully disclose in the prospectus matters that have a significant impact on investors' value judgments and investment decisions; 3. Failing to timely verify material negative public opinion about the issuer and proactively reporting to the Exchange".
(Article Serial Number: 1780844300054171648)
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