The Securities Regulatory Commission issued a decision ordering corrective measures against Guoyuan Securities Co., Ltd. Guoyuan Securities Co., Ltd. has problems such as insufficient due diligence investigation of underwriting and sponsorship projects; poor quality control and core controls; and inadequate investigation and rectification of clean practices. The above situation violates the provisions of Article 6 of the “Compliance Management Measures for Securities Companies and Securities Investment Fund Management Companies”, Article 31 and 37 of the “Measures for the Administration of Securities Issuance, Listing and Sponsorship Business”, section 55 and 61 of the “Regulations on the Integrity of Securities and Futures Management Agencies and Their Staff”. According to Article 32 of the “Compliance Measures” and Article 64 of the “Sponsorship Measures”, the Securities Regulatory Commission decided to take administrative supervision and management measures to order corrections against your company.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.