Core Viewpoint - The Shanghai Stock Exchange has issued a written warning to Dongguan Securities due to repeated violations related to ineffective management of client trading behaviors [1][4][5] Group 1: Regulatory Actions - In July 2024, the Shanghai Stock Exchange conducted an on-site inspection of Dongguan Securities, identifying violations in the management of client trading behaviors and subsequently requiring corrective actions [4][5] - Following the inspection, multiple clients of Dongguan Securities engaged in frequent abnormal trading activities, which the company failed to manage effectively [4][5] - By November 2025, Dongguan Securities again faced issues with clients exhibiting frequent abnormal trading behaviors, indicating a pattern of non-compliance with regulatory standards [5] Group 2: Violations and Regulations - Dongguan Securities' actions violated several provisions of the Shanghai Stock Exchange Membership Management Rules, specifically Articles 3.1, 4.1.1, and 4.1.7, as well as relevant guidelines on client trading behavior management [5] - The repeated nature of the violations and the severity of the circumstances led to the decision to issue a written warning to Dongguan Securities, as per the applicable regulatory framework [5]
东莞证券被书面警示！