Since June, at least 6 brokerages have received a total of 10 penalties, involving several brokerages such as Zhongtai Securities, Founder Securities, Silver Galaxy Securities, Century Securities, Donghai Securities, and Guotai Junan Securities. However, it can be seen from the analysis of the reasons for punishment that violations in brokerage business are the main reason, including illegal wealth management on behalf of clients, unqualified employees, and illegal provision of investment advice, among other violations. Under the strict regulatory tone, the number and severity of penalties for violations by brokerages have surpassed the past.
多家券商“吃罚单”，券商经纪业务成为“重灾区”
Several brokerages have been fined, with brokerage business becoming a 'hard-hit area'.
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