近日，各地证监局披露多则罚单，涉及中信证券等3家券商。 浙江证监局决定对财通证券采取出具警示函的监督管理措施，并记入证券期货市场诚信档案。浙江证监局要 求，公司应当深刻吸取教训，采取有效措施做好整改工作，并对相关责任人员进行追责问责。同时，公司要强 化合规意识，切实提升合规管理水平。 其中， 中信证券（山东）有限责任公司济南分公司因经纪业务违规被罚。 财通证券因境外子公司存在多项合 规问题，被浙江证监局出具警示函，财通证券总经理助理、财通证券（香港）有限公司时任董事长钱斌也领 罚。中信建投证券也被福建证监局出具警示函。 中信证券（山东）济南分公司被罚：有员工违规开展基金销售 9月24日，山东证监局也披露了两则罚单，剑指中信证券（山东）有限责任公司济南分公司及其时任员工魏某 凡。 罚单显示，中信证券（山东）济南分公司存在不具备基金从业资格的营销人员开展基金销售活动的情形，个别 员工向客户宣传推介基金产品时未使用公司统一制作的基金宣传推介材料，反映出该分公司未能严格规范员工 执业行为、合规管理不到位。 山东证监局决定对该分公司采取出具警示函的行政监管措施。要求该分公司加强基金销售合规内控管理，认真 整改，于30日 ...

今年以来市场行情火爆，券商经纪业务违规成了监管罚单的重灾区。 近日，多地证监局披露罚单，包括国融证券、联储证券、华安证券、华宝证券等机构相继被罚。 与此同时，该营业部的员工田某被四川证监局采取责令改正的行政监管措施。经查，田某在华安证券成都菱安路营业部 （现华安证券成都东大路营业部）工作期间，存在向客户推介虚假金融产品，谋取不正当利益，给客户造成重大损失的 行为。 9月19日，浙江证监局披露罚单，对国融证券义乌新科路证券营业部（原国融证券义乌工人北路证券营业部）以及国融证 券进行处罚。 经查，国融证券义乌新科路证券营业部（原国融证券义乌工人北路证券营业部）发现违法违规行为或者合规风险隐患 时，未主动及时向合规负责人报告，违反了相关规定。浙江证监局决定对该营业部采取责令改正的行政监管措施，并记 入证券期货市场诚信档案，要求该营业部应当深刻吸取教训，采取有效措施做好整改工作，切实加强员工合规意识，有 效提升合规管理水平。 同时，国融证券也因对所辖分支机构合规管理不到位，被浙江证监局采取出具警示函的行政监管措施，并记入证券期货 市场诚信档案。浙江证监局要求，国融证券应当深刻吸取教训，不断完善管理制度和内部控制举措， ...

Core Viewpoint - The recent administrative regulatory measures disclosed by the Hunan Securities Regulatory Bureau highlight ongoing compliance issues within the brokerage industry, signaling a need for improved regulatory adherence and risk management practices [1][6]. Group 1: Regulatory Actions - Hunan Securities Regulatory Bureau issued three administrative measures involving two brokerages, emphasizing the importance of compliance in the brokerage sector [1]. - Huabao Securities' Changsha branch received a warning letter for irregularities in client account solicitation and failure to cooperate with inspections, leading to accountability for the responsible person [2]. - Dong Zhimei, an investment advisor at Northeast Securities' Hunan branch, was warned for investing in external companies and facilitating individual investors in off-market stock options trading [5]. Group 2: Prevalence of Violations - Numerous violations have been reported in the brokerage industry this year, covering various aspects such as account opening, product sales, margin financing, and off-market options [6]. - Specific cases include Shen Gang Securities' failure to diligently verify investor materials during new three-board account openings and Southwest Securities' improper client solicitation practices [6]. - Violations in product sales are also notable, with instances of misleading statements and promotion of fraudulent financial products leading to significant investor losses [6]. Group 3: Underlying Issues - The low entry barriers for the securities industry contribute to a lack of professional competence and compliance awareness among some practitioners, exacerbated by high performance pressures [7]. - The number of new accounts opened reached approximately 17.21 million in the first eight months of the year, a year-on-year increase of about 48%, indicating a surge in brokerage activities and highlighting gaps in investor suitability management [7]. Group 4: Need for Enhanced Suitability Management - The legal obligation of "suitability" requires brokerage firms to ensure that the risk levels of financial products match the risk tolerance of investors [8]. - Previous cases have shown failures in conducting adequate financial status reviews and verifying professional investor qualifications, leading to potential legal repercussions for brokerages [8]. - Strengthening compliance management through staff training and process control is essential for mitigating risks and protecting both investor rights and the brokerage's reputation [8][9].

21世纪经济报道记者 易妍君 针对券商财富业务的严监管仍在延续。 9月以来，包括中山证券、西南证券、华宝证券在内，至少已有5家券商的分支机构因财富（经纪）业务 违规而被监管点名。 9月19日，浙江证监局同时公布了4份行政监管措施决定书，分别涉及联储证券、国融证券。 联储证券被出具警示函的原因是，监管查出：联储证券绍兴裕民路证券营业部存在未及时向监管部门报 告影响分支机构经营管理和客户权益重大事件的行为，联储证券对所辖分支机构合规管理不到位，违反 了《证券公司和证券投资基金管理公司合规管理办法》相关规定。 同时，联储证券绍兴裕民路证券营业部被责令改正，并记入证券期货市场诚信档案。 而国融证券义乌新科路证券营业部（原国融证券义乌工人北路证券营业部）存在发现违法违规行为或者 合规风险隐患时，未主动及时向合规负责人报告的行为。 对这一违规情形，浙江证监局决定对该营业部采取责令改正的行政监管措施，并记入证券期货市场诚信 档案。 并且，国融证券被同步出具了警示函，并记入证券期货市场诚信档案。监管认为，该券商对所辖分支机 构合规管理不到位，违反了相关规定。 21世纪经济报道记者梳理发现，违规揽客仍是券商营业部极易"踩到"的 ...

Core Viewpoint - The compliance issues in the securities industry, particularly regarding irregular client solicitation and violations by investment advisors in the over-the-counter options market, are becoming significant obstacles for brokerages in maintaining regulatory compliance [1][3]. Group 1: Compliance Violations - Hunan Securities Regulatory Bureau issued three warning letters to Hua Bao Securities and Northeast Securities for non-compliance in client solicitation and investment advisory practices [1][3]. - Hua Bao Securities' branch in Changsha was penalized for irregular client solicitation and inadequate compliance management, with the branch manager, Chen Yeli, held primarily responsible [3][5]. - Former investment advisor at Northeast Securities, Deng Zhimei, was found to have violated regulations by guiding personal investors to engage in unapproved over-the-counter options trading for profit [3][8]. Group 2: Regulatory Environment - The number of penalties related to client solicitation has increased significantly, with 20 penalties issued since the market recovery began in September 2022, compared to only 9 in the same period the previous year [8][9]. - The total number of penalties issued in 2023 has reached 224, affecting 78 brokerages, indicating a trend of heightened regulatory scrutiny [9]. - The regulatory environment is shifting towards a more stringent approach, emphasizing the need for brokerages to transform compliance from a formal requirement to a core competency [9]. Group 3: Market Trends - The surge in market activity since the September 2022 rally has led to a rise in irregular client solicitation and violations in promoting financial products [8]. - The over-the-counter options market has seen 22 penalties issued in 2024, highlighting the hidden nature of such violations [8][9]. - Recent regulatory changes have restricted individual investors from directly participating in over-the-counter options, requiring them to go through qualified institutions and meet asset thresholds [9].

9月12日，据新疆证监局披露，中邮证券新疆分公司和其负责人鱼某春双双被出具警示函。 罚单指出该分公司存在两项违规行为，其中之一是负责人鱼某春三年前曾因违规领取基金销售等奖励而受到公司党内警 告处分，但分公司未向地方证监局报送该内部惩戒信息。 近年，券商因未履行报告义务而被罚的案例常见诸报端，但因内部惩戒信息未及时报送而被警示的情况较为少见。值得 一提的是，关于券商如何充分完善信息报送机制，有地方证券业协会月前发布的推文中曾提出合规建议，包括健全重大 事件报告与应急响应流程等。 此举旨在强化监管与风险防控，推进行业文化建设，保护投资者权益。值得注意的是，近年来证券行业执业声誉管理机 制持续加强，覆盖自律、声誉、道德和诚信等多重约束维度。 双双被罚 据新疆证监局披露，中邮证券新疆分公司负责人鱼某春2020年、2021年违规领取基金销售等奖励，于2022年10月受到中 邮证券党内警告处分，但分公司未向该局报送该内部惩戒信息。除此之外，该分公司投资顾问业务存在业务推广、服务 提供等环节留痕不充分的情形。 新疆证监局认为，上述情形反映出中邮证券分公司合规管控不到位，对中邮证券新疆分公司和鱼某春采取出具警示函的 行政监管 ...

Core Viewpoint - The frequent regulatory issues faced by brokerage firms, particularly regarding compliance and sales practices, indicate systemic problems within the industry that need to be addressed to ensure proper governance and operational integrity [1][5][7]. Group 1: Regulatory Actions - On September 10, the Shandong Securities Regulatory Bureau issued a notice highlighting two violations by Tianfeng Securities' Weifang Dongfeng East Street Securities Office, including improper use of labor remuneration for marketing expenses and promoting non-Tianfeng private equity funds [4][5]. - This is not the first instance in 2023 where Tianfeng Securities has been "named," with three of its offices receiving regulatory warnings this year, indicating a pattern of compliance issues [4][5]. - Other brokerage firms, such as Changjiang Securities and Everbright Securities, have also faced regulatory scrutiny, with multiple offices being flagged for various compliance failures [5][6]. Group 2: Nature of Violations - The primary violations reported include selling non-company products, unauthorized sales of private equity products, and sales by unqualified personnel [6][7]. - The frequency of these violations suggests a trend where sales practices are prioritized over compliance, leading to a higher incidence of regulatory infractions [7]. Group 3: Industry Implications - The repeated regulatory actions against multiple offices within the same brokerage may reflect deeper issues in compliance management and internal governance, potentially harming the firm's brand image [7]. - Experts suggest that brokerage firms need to enhance vertical management from headquarters to branches, clarify compliance responsibilities, and improve internal audit mechanisms to mitigate these risks [7].

炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 早在8月26日，公司第四届董事会第三十二次会议便已通过相关议案，但由于合规负责人属于监管明令 要求审批的高管职务，需待监管机构"点头"才能真正上任。 9月4日，东吴证券公告披露，公司此前聘任的合规总监顾轶高，已获得中国证监会相关派出机构的履职 认可，即日起正式履职。这意味着，自合规负责人职务由总裁薛臻"临时代行"以来，长达三个月的过渡 状态终于结束。 | 姓名 | 职务 | 任职日期 | ↓ 离职日期 | 任职时长 | | --- | --- | --- | --- | --- | | 薛臻 | 代合规负责人 | 2025-07-02 | 2025-09-04 | 3月 | | 李齐兵 | 合规总监 | 2018-09-28 | 2025-07-02 | 6年11月 | 文/新浪财经上海站 时行工作室 东吴证券的合规"空窗期"，终于画上句号。 如今批复到位，顾轶高正式接棒，东吴证券在制度层面完成一次关键补位。 相比空降高管，顾轶高是典型的"从基层干上来"的老员工。他历任苏州狮山路证券营业部财富管理中心 副经理，投资银行总部市场推广部副总 ...

在川财证券被监管点名的背后，湾财社注意到，年内已有多家券商同样因债券业务违规被监管点名。监管趋严的背景下，如何压实"看门人"责任是券商的一 大挑战。 日前，四川证监局开出了一则监管措施，指向了川财证券债券业务存在违规操作。据湾财社梳理，川财证券自2021年以来，已经连续5年被该局出具监管措 施。 川财证券债券交易违规被"点名" 监管的公告中，川财证券债券交易业务存在公司内部制度建设与内控机制有待完善，从业人员管理与信息披露不到位，业务合规审查落实不到位，交易行为 管理有待完善等问题。 在债券业务接连被罚的背后，川财证券的承销规模正在下滑。Wind数据显示，川财证券年内总承销金额为83.77亿元，同比减少39.5%，位居行业第59名。 去年同期，川财证券总承销金额则排在行业第45名。 年内多家券商因债券业务被罚 债券业务一直是监管重点关注的券商业务。在年内已有多家券商因债券业务的违规问题被监管点名。 上述问题违反了《证券公司和证券投资基金管理公司合规管理办法》《证券投资顾问业务暂行规定》等相关规定。为此，四川证监局决定对其采取出具警示 函的行政监督管理措施。 在梳理中，湾财社发现川财证券近年来已经多次因债券业务 ...

券商经纪业务违规现象频发。 今年以来，A股市场交投活跃度显著提升，投资情绪愈发浓厚。然而，部分证券公司分支机构及相关从业人员 为抢占市场份额、开拓业务，屡屡触碰监管"红线"，违规现象频发，引发市场广泛关注。 根据券商中国记者梳理，近日多家券商分支机构或从业人员因向非营销人员下达营销任务；委托他人招揽客 户；违规承诺收益等问题而被地方证监局处罚。 有券商营业部人士分析认为，上述现象屡禁不止的原因是多方面的。一方面，随着市场回暖，今年各券商分支 机构考核任务比往年加重，从业人员为完成业绩指标，拓客心切也存在侥幸心理，容易突破合规底线；另一方 面，部分券商分支机构内部的合规管理与内控机制存在漏洞，未能对业务开展形成有效监督和约束。 有营业部违规揽客受罚 近日，浙江证监局接连对两家券商营业部作出行政处罚，上述两家营业部均存在为拓展业务而违规操作的共性 问题。 具体来看，华西证券义乌商城大道证券营业部存在从业人员违规委托证券经纪人以外的个人进行投资者招揽活 动的行为。 根据《证券经纪业务管理办法》，证券公司及其从业人员从事证券经纪业务营销活动，不得违规委托证券经纪 人以外的个人或者机构进行投资者招揽、服务活动。 对此， ...