The Zhejiang Securities Regulatory Bureau issued a decision to Zheshang Securities Co., Ltd. to increase the frequency of internal compliance inspections due to the following issues: first, providing disguised financing services to some investors, effectively turning into leveraged financing tools; second, failing to identify the trading purposes of clients, effectively becoming a trading channel for counterparties; third, not using the Exchange's dedicated hedging account for hedging transactions; fourth, interfering with the independent operation of the holding company's Asset Management plan.
浙商证券被浙江证监局采取责令增加内部合规检查次数措施的决定
Zheshang Securities has been ordered by the Zhejiang Securities Regulatory Bureau to increase the internal compliance inspection frequency.
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