Xin Lang Cai Jing·2025-11-21 09:48Core Viewpoint - The Sichuan Securities Regulatory Bureau has imposed administrative supervision measures on the Deyang Lushan South Road Securities Business Department of Dongfang Securities due to compliance management and operational issues, including failure to report significant events affecting client rights in a timely manner [1][2][3]. Group 1: Compliance Management Issues - The Deyang Business Department has been found to have inadequate compliance management and operational personnel management, which are critical for the stable operation of the business and directly impact client rights and market order [2][3]. - The regulatory inspection highlighted weaknesses in the department's system construction, process execution, and personnel behavior constraints [2]. Group 2: Reporting Failures - The department failed to promptly report significant events that could affect client rights to the regulatory authority, which is essential for timely risk management and investor protection [2][3]. - This failure violates the requirement for securities branch institutions to report such events immediately to the local securities regulatory bureau [3]. Group 3: Regulatory Violations and Measures - The issues identified violate multiple regulatory provisions, including the Compliance Management Measures for Securities Companies and the Regulations on the Supervision of Securities Branch Institutions [3]. - The Sichuan Securities Regulatory Bureau has decided to take corrective measures against the Deyang Business Department, which may include administrative actions such as orders for correction and regulatory discussions [3]. Group 4: Rights and Remedies - The Deyang Business Department has the right to apply for administrative reconsideration or file a lawsuit if it disagrees with the regulatory measures, but these actions do not suspend the execution of the corrective measures [4]. - This situation underscores the strict requirements for compliance operations among securities company branch institutions and serves as a warning for the industry to enhance compliance awareness and adhere to regulatory requirements [4].