因债券业务违规，川财证券收监管警示函，已连续5年被点名

Core Viewpoint - Sichuan Securities Regulatory Bureau has issued regulatory measures against Chuan Cai Securities for violations in its bond business, highlighting ongoing compliance issues and a trend of increasing scrutiny in the industry [2][4][9]. Summary by Sections Regulatory Actions - Chuan Cai Securities has faced multiple regulatory actions since 2021, with the latest being a warning letter due to inadequate internal controls, personnel management, and compliance reviews in its bond trading operations [4][6]. - The company has been named in regulatory measures for five consecutive years, with a total of six reports, four of which specifically address bond business violations [6][8]. Compliance Issues - The regulatory findings indicate that Chuan Cai Securities has not sufficiently managed compliance risks, with issues including poor internal control over bond underwriting and insufficient due diligence on certain projects [4][6]. - Specific problems noted include inadequate management of labor dispatch personnel involved in bond trading and insufficient salary management for staff engaged in bond investment [4][6]. Industry Context - The bond business has become a focal point for regulatory scrutiny, with several other securities firms also facing penalties for similar violations in 2023 [9][12]. - Chuan Cai Securities' total underwriting amount has decreased significantly, with a reported 39.5% year-on-year drop to 8.377 billion yuan, ranking it 59th in the industry, down from 45th the previous year [8].