蛇年最后的基金风暴：大V“爱理财的小羊”带货德邦基金growing up ，董事长左畅going down坚称是工作调整

Core Viewpoint - The incident involving Debund Fund and the influencer "Xiaoyang" has led to significant regulatory scrutiny, resulting in the resignation of the chairman and a halt on new fund issuance due to violations in fund sales practices [2][4][19]. Group 1: Incident Overview - Debund Fund's chairman, Zuo Chang, was removed from his position due to a "work adjustment" following the controversy surrounding the influencer's promotion of the fund [2][10]. - The fund experienced a dramatic increase in subscriptions, with over 12 billion yuan (approximately 1.8 billion USD) in a single day, growing from less than 1 billion yuan to over 13 billion yuan (an increase of over 16 times) [5][20]. - The China Securities Regulatory Commission (CSRC) expressed strong discontent with the fund's practices, leading to penalties and the influencer being permanently banned from all platforms [4][11][19]. Group 2: Regulatory Actions and Consequences - The CSRC issued a statement prohibiting the use of internet influencers to conduct fund sales, highlighting the regulatory framework governing such activities [7][22]. - Debund Fund was found to have collaborated with an unqualified influencer, failed to meet investor suitability obligations, and allegedly manipulated market sentiment through pre-announced large purchases [11][26]. - The new chairman, Wu Xiaochun, took over on February 12, 2026, following the resignation of Zuo Chang [9][24]. Group 3: Influencer's Role - The influencer "Xiaoyang," who has 4 million followers, publicly disclosed a substantial investment in Debund Fund, which contributed to the fund's rapid growth [6][21]. - Xiaoyang was reported to have concealed financial relationships and was alleged to have received a commission of approximately 3.6 million yuan (around 540,000 USD) for promoting the fund [11][26].