财通证券，被出具警示函！

Group 1 - The core issue identified by the China Securities Regulatory Commission (CSRC) is that Caitong Securities has violated regulations due to inadequate internal control mechanisms for bonds, insufficient due diligence in underwriting, and failure to fulfill responsibilities in entrusted management [2] - Specific violations include a lack of checks and balances in project internal reviews, insufficient verification of significant financial information affecting the issuer's debt repayment ability, and inadequate supervision of the issuer's information disclosure obligations [2] - As a result of these violations, the CSRC has decided to impose an administrative regulatory measure in the form of a warning letter against the company [2] Group 2 - Caitong Securities was listed on the Shanghai Stock Exchange in October 2017, with the stock code 601108 [5] - For the first three quarters of 2025, Caitong Securities reported operating revenue of 5.063 billion yuan, representing a year-on-year increase of 13.99%, and a net profit of 2.038 billion yuan, reflecting a year-on-year growth of 38.42% [5]