Zhong Guo Jing Ji Wang·2025-10-16 07:56Core Viewpoint - The Xinjiang Securities Regulatory Bureau has issued warning letters to Shenwan Hongyuan West Securities Co., Ltd. for compliance failures at its Five Channels Zhenxing Street branch, highlighting issues such as improper client solicitation and internal management violations [1][2][10]. Summary by Relevant Sections Compliance Violations - Shenwan Hongyuan's Five Channels Zhenxing Street branch was found to have engaged in client solicitation through bank staff, and the former head of the branch violated internal management rules by hiring interns and misappropriating funds [1][10]. - The actions of the branch reflect inadequate compliance controls, violating multiple regulations including the Securities Brokerage Business Management Measures and the Code of Conduct for Securities and Futures Institutions [1][2][10]. Regulatory Actions - The Xinjiang Securities Regulatory Bureau decided to issue warning letters as an administrative regulatory measure, which will be recorded in the securities and futures market integrity archives [2][11]. - The branch is required to strengthen compliance management and submit a written rectification report within 30 days of receiving the decision [11][12]. Responsibilities of Individuals - Wei Ze, the former head of the branch, is held accountable for the compliance failures and is also subject to a warning letter [12][13]. - The regulations stipulate that individuals in leadership positions must adhere to legal and regulatory standards, and failure to do so can result in administrative penalties [6][13].