Zhong Guo Jing Ji Wang·2026-01-16 08:55Core Viewpoint - Recent allegations have emerged regarding brokers promoting public fund products with illegal practices, including promises of guaranteed returns and commission rebates, raising concerns about compliance in the industry [1][10]. Group 1: Allegations and Responses - A netizen reported that a client manager from Galaxy Securities promoted a product from Jinxin Fund, promising capital protection and high rebates while encouraging investors to bypass official sales channels [5][12]. - Jinxin Fund responded quickly, stating that they have reported the illegal fundraising activities to the police and clarified that the involved product had not been officially sold or authorized for distribution [10][14]. Group 2: Regulatory Environment - Regulatory authorities have repeatedly mandated that brokers must standardize their marketing practices, prohibiting inducements for investors lacking the willingness or capacity to invest [10][16]. - The regulations require strict adherence to investor suitability management, ensuring that products are matched to investors' qualifications and risk tolerance [10][16]. Group 3: Product and Investor Requirements - Jinxin Fund's asset management plans are only available to qualified investors, with specific criteria such as a minimum family financial net asset of 3 million yuan or an average annual income of 400,000 yuan over the past three years [14][15]. - The minimum initial investment for collective asset management plans is set at 10 million yuan, and individual investments must meet certain thresholds depending on the type of product [14][15]. Group 4: Industry Practices and Risks - The practice of "flying orders," where brokers recommend products without company authorization, is highlighted as a significant risk, especially when combined with tactics like pooling funds to meet investment thresholds [16][17]. - Despite increased regulatory scrutiny, some industry personnel continue to engage in these risky practices, leading to penalties for both individuals and branches involved in such activities [17][18].