JTL(300091) 证券时报网·2024-12-29 10:09Legal and Regulatory Actions - Jintongling and six individuals, including Ji Wei and Yuan Xueli, are under review for prosecution by the procuratorate for illegal information disclosure and fraudulent stock issuance [1][7] - The Shenzhen Stock Exchange issued a disciplinary decision against Jintongling's former actual controller and others, imposing public condemnation and a ban of up to 10 years from holding positions as directors, supervisors, or senior managers [2] - Jintongling faces criminal prosecution and civil litigation, with the application of a special representative litigation system [3][15] - The China Securities Investor Services Center announced it would closely monitor the progress of ordinary representative litigation against Jintongling and apply for conversion to special representative litigation [4][12] - Jintongling and related responsible persons received administrative penalties, warning letters, and corrective measures from the Jiangsu Securities Regulatory Bureau, with the penalty decision revealing false records in periodic reports [5] Penalties for Intermediaries - Huaxi Securities and Dahua Certified Public Accountants were subjected to a six-month suspension of document acceptance, while two sponsors and three signing accountants faced suspensions ranging from one to three years [6] - Market analysis indicates that severe penalties for intermediaries aim to clarify regulatory attitudes and determination, forcing intermediaries to fulfill their gatekeeper responsibilities [6] Investor Protection and Legal Framework - The China Securities Regulatory Commission (CSRC) emphasizes the importance of building a capital market centered on investors, improving the quality of listed companies, and ensuring investor returns [13] - The CSRC is strengthening collaboration with judicial authorities to enhance investor compensation mechanisms, including special representative litigation and advance compensation [16] - The CSRC is pushing for criminal and civil accountability to increase the cost of illegal activities, with a focus on prosecuting major offenders and enhancing the connection between administrative law enforcement and criminal justice [16] Comprehensive Accountability System - The case of Jintongling demonstrates the effectiveness of a comprehensive accountability system, highlighting the regulatory authorities' determination to pursue securities violations to the end [15] - The CSRC is promoting a multi-faceted accountability system, including administrative penalties, criminal prosecution, and civil compensation, to comprehensively increase the cost of illegal activities [10][11]