中方信富投顾业务牌照被撤销，时任董事长6年禁入市场

Core Viewpoint - The China Securities Regulatory Commission (CSRC) has imposed severe penalties on Beijing Zhongfang Xinfeng Investment Management Consulting Co., Ltd. (Zhongfang Xinfeng) and its chairman Zhang Song for serious violations, including failure to maintain required documentation and submitting false materials, leading to a fine of 3 million yuan and the revocation of its core securities investment consulting license [1][2]. Summary by Sections Violations and Penalties - Zhongfang Xinfeng's violations are characterized as systemic and severe, with a history of non-compliance over several years, including the failure to maintain complete marketing service records for 13 clients from 2021 to 2023 and missing records for 221 clients in 2020 [2][3]. - The company was found to have submitted false materials to regulators, including a false statement regarding the addition of new clients during a suspension period, where it actually added 223 clients [2][3]. Business Impact - The revocation of Zhongfang Xinfeng's securities investment consulting license means it can no longer conduct related advisory business, marking a significant operational setback for the firm, which has been in the industry since 1997 [3]. - The company currently employs only 32 staff members, indicating a relatively small scale within the national context of licensed securities investment consulting firms [3]. Historical Context of Violations - Zhongfang Xinfeng has faced multiple regulatory penalties over the past five years for various compliance issues, including misleading marketing practices and inadequate internal controls [4][5][6][7][8][9][10][11]. - The CSRC has previously penalized the company for similar violations, indicating a pattern of non-compliance that has persisted despite prior warnings [4][5][6][7][8][9][10][11]. Industry Implications - The case of Zhongfang Xinfeng serves as a warning to the securities investment consulting industry about the importance of compliance, as regulatory scrutiny is expected to increase [12]. - The trend of revoking licenses for severe violations is not isolated, with other firms facing similar fates, suggesting a shift towards stricter enforcement of compliance standards within the industry [12].