天相财富、珞珈投资两家投顾公司遭“拉黑”，各被暂停新开户，频繁违规何时了？

Core Viewpoint - Tianxiang Wealth and Luojia Investment have been penalized by local securities regulatory authorities for compliance violations, with Tianxiang Wealth facing a three-month suspension on new client acquisitions due to a history of non-compliance spanning over eight years [1][4]. Group 1: Regulatory Actions - Tianxiang Wealth has been ordered to correct its practices and has been suspended from acquiring new clients for three months, with a requirement to submit monthly reports on its corrective actions [1][2]. - The Beijing Securities Regulatory Bureau has highlighted two main types of violations: misleading advertising and unauthorized investment advice from certified personnel [2][3]. - This is not the first instance of penalties for Tianxiang Wealth; previous suspensions occurred in 2019 and 2025, indicating a pattern of regulatory non-compliance [3][4]. Group 2: Compliance Issues - The company has been cited for four main categories of violations: inadequate personnel management, misleading marketing practices, lack of reasonable basis for investment advice, and ineffective internal controls [7][8]. - Specific issues include unqualified personnel conducting business, exaggerated claims of returns, and failure to provide risk warnings to clients [7][9]. - The repeated nature of these violations across various branches suggests systemic issues in governance and compliance management within Tianxiang Wealth [8][10]. Group 3: Historical Context - The compliance failures of Tianxiang Wealth date back to at least July 2017, with the first recorded violations involving unregulated marketing practices and promises of returns by sales personnel [4][5]. - The company has faced multiple penalties from different regulatory bodies, indicating a persistent failure to rectify compliance issues despite previous warnings [9][10]. - The ongoing issues have led to a significant impact on the company's operational capabilities, as it is barred from signing new clients during the suspension period [1][3].