罚款300万、撤销业务许可！

Core Points - The China Securities Regulatory Commission (CSRC) imposed a fine of 3 million yuan on Beijing Zhongfang Xinfeng Investment Management Consulting Co., Ltd. (Zhongfang Xinfeng) and revoked its securities investment consulting business license, highlighting the severity of regulatory actions in the industry [1][7] - The chairman and legal representative of Zhongfang Xinfeng, Zhang Song, received a warning and a fine of 600,000 yuan, indicating personal accountability for the company's violations [1][7] Summary by Sections Regulatory Actions - Zhongfang Xinfeng was fined 3 million yuan and had its securities investment consulting license revoked due to serious violations [1][7] - Zhang Song, the chairman, was fined 600,000 yuan and received a 6-year ban from the securities market for his significant role in the violations [7] Violations Identified - The company failed to properly maintain records for 13 clients from 2021 to 2023 and did not retain complete records for 221 clients in 2020 [3] - Zhongfang Xinfeng submitted false statements to the regulatory authority, including claiming no new clients during a suspension period while actually adding 223 clients [3] - Discrepancies were found between the reported financial data and the audited financial statements for 2021 and 2022 [3] Previous Penalties - Zhongfang Xinfeng has a history of regulatory penalties, including a previous fine of 600,000 yuan in July 2021 for misleading investors and failing to maintain required documentation [9] - The company faced additional regulatory actions in 2023, including a 6-month suspension from adding new clients and a 12-month suspension in August 2024 due to multiple violations [9][10]