万和证券收警示函！

Core Viewpoint - The Hainan Securities Regulatory Bureau issued a warning letter to Wanhe Securities Co., Ltd. due to violations related to the management of WeChat for business operations and inadequate management of marketing expenses [1][3]. Group 1: WeChat Management Issues - Wanhe Securities failed to implement effective management of WeChat used by its branches for brokerage business from 2018 to 2024, leading to insufficient identification and monitoring of risks associated with this usage [1][3]. - The company's compliance management effectiveness regarding the marketing activities of its branches was found to be inadequate, violating multiple regulatory provisions [3]. Group 2: Marketing Expense Management Issues - The company exhibited deficiencies in managing advertising expenses and the marketing activity expenses of branch personnel, which also contravened regulatory requirements [1][3]. - These management shortcomings were noted as violations of the compliance management regulations for securities companies and investment fund management companies [3].