中证报中证网讯(记者黄灵灵)近期，多家深圳私募机构因存在将在管产品投资管理职责交由他人行使， 由非公司从业人员承担部分私募基金投资管理职责等相关情形，被深圳证监局出具警示函。 未独立进行投资决策 有的私募机构则因管理不规范，导致公司及相关责任人均被点名警示。 深圳证监局表示，经查，深圳泽源私募证券基金管理有限公司在从事私募基金业务活动中，存在由非公 司从业人员承担部分私募基金投资管理职责、不公平对待同一私募基金的不同投资者的情形，说明公司 在管理、运用私募基金财产的过程中未履行谨慎勤勉义务。 同时，杨光负责相关私募基金投资运作，实施了不公平对待同一私募基金不同投资者的违规行为，未恪 守相关行为规范。 深圳证监局指出，相关行为违反了《私募投资基金监督管理暂行办法》等相关规定，决定对深圳泽源私 募证券基金管理有限公司、杨光采取出具警示函的行政监管措施。 深圳证监局提示，如对相关行政监管措施不服，可以在收到决定书之日起60日内向中国证券监督管理委 员会提出行政复议申请，也可以在收到决定书之日起6个月内向有管辖权的人民法院提起诉讼。复议与 诉讼期间，前述行政监管措施不停止执行。 日前，记者从深圳证监局获悉，经查，深圳 ...

Core Viewpoint - The China Securities Regulatory Commission (CSRC) has imposed severe administrative penalties on Zhejiang Youce Investment Management Co., Ltd. and its responsible personnel for serious violations of private fund regulations, marking the heaviest penalty in history [1][4][12]. Group 1: Violations and Penalties - Zhejiang Youce Investment was fined 21 million yuan, while three responsible personnel were fined a total of 14.25 million yuan, with the actual controller receiving a lifetime ban from the securities market [1][4][12]. - The violations included misappropriation of fund assets and submission of false information, which severely breached private fund laws [1][4][10]. - The CSRC will transfer any criminal-related issues to law enforcement agencies, adhering to the principle of thorough investigation [1][4][12]. Group 2: Specific Findings - Investigations revealed that Youce Investment misreported the actual controller's information and misappropriated fund assets for personal gain [2][8]. - From April 2020 to June 2024, Youce Investment transferred 9.55 billion yuan from bank deposits of three investment products to accounts outside the fund's custody, with the funds still unreturned as of July 2024 [3][9]. - A total of 11 fund products were found to contain false records regarding their assets, returns, and net values, misleading investors and the fund association [3][9][10]. Group 3: Regulatory Context - The case reflects the ongoing trend of increased regulatory scrutiny in the private fund sector, with over 8,000 illegal or inactive institutions eliminated in the past five years [6][14]. - The CSRC has been actively promoting compliance training and legal education, urging institutions to self-examine and rectify issues to foster high-quality development in the private fund industry [6][14]. - The penalties imposed on Youce Investment demonstrate the CSRC's commitment to enforcing regulations and increasing the cost of violations in the private fund sector [12][14].

Core Viewpoint - The China Securities Regulatory Commission (CSRC) has imposed significant administrative penalties on Zhejiang Youce Investment Management Co., Ltd. for illegal activities, including misappropriation of fund assets and submission of false information, totaling 35.25 million yuan in fines [1][2][4]. Group 1: Violations and Penalties - Youce Investment was found to have three main violations: submitting false information regarding its actual controller, misappropriating fund assets, and providing misleading product information [2][3][4]. - The total fines imposed include 21 million yuan on Youce Investment and 14.25 million yuan on three responsible individuals, with the actual controller facing a lifetime market ban [4][5]. - The CSRC emphasized that such actions severely harm investors' rights and violate the regulatory "bottom line" and "red line" for private equity funds [1][4]. Group 2: Regulatory Environment and Industry Impact - The introduction of the new "Private Investment Fund Supervision Management Regulations" has increased penalties for serious violations, marking a significant shift in regulatory enforcement [4][6]. - The number of private fund managers has decreased by approximately 20% from peak levels, indicating a tightening of the industry and a focus on compliance [6]. - The CSRC has actively conducted compliance training and legal education, promoting high-quality development within the private fund sector [6][9]. Group 3: Legal Framework and Accountability - The new regulations clarify that violations of the private fund laws will lead to civil liabilities, and criminal activities will be prosecuted [7][8]. - A comprehensive accountability system is being established, combining administrative penalties, civil compensation, and criminal prosecution to address illegal activities in the private fund sector [9].

蓝鲸新闻12月12日讯，近日，青岛证监局发布行政监管措施决定书，剑指青岛葳尔量化投资管理有限公司、青岛葳尔资产管理有限公司、谭 军、邵长清。 决定书显示，青岛葳尔量化投资管理有限公司在开展私募基金业务过程中，将基金投资管理职责委托他人行使。青岛葳尔资产管理有限公司从 事与私募基金管理相冲突或无关的业务。 上述行为违反了《关于加强私募投资基金监管的若干规定》《私募投资基金监督管理暂行办法》的相关规定。 谭军任葳尔量化和葳尔资产的法定代表人和总经理，且为葳尔量化相关基金的基金经理，对上述行为负有责任；邵长清为葳尔量化相关基金的 基金经理，未能恪尽职守、勤勉尽责，对葳尔量化上述行为负有责任。 针对以上问题，青岛证监局决定对葳尔量化、葳尔资产、谭军、邵长清采取出具警示函的措施，并记入证券期货市场诚信档案。 | 索 引 号 | bm56000001/2025- 分 交 00014408 | | --- | --- | | 发布机构 | 发文日期 1765500029000 | | 名 杨 | 关于对青岛藏尔量化投资管理有限公司、青岛藏尔资产管理有限公司、谭军、邵长清采 取出具警示函措施的决定 | | 文 름 | 主题词 ...

Core Viewpoint - The China Securities Regulatory Commission (CSRC) has imposed severe penalties on Zhejiang Youce Investment Management Co., Ltd. for serious violations of private fund regulations, marking the heaviest punishment in history for such infractions [1][4]. Group 1: Violations and Penalties - Zhejiang Youce Investment and its actual controller, Huang Wei, were found to have misappropriated fund assets and submitted false information, violating private fund laws [1][2]. - The total fines imposed amount to over 35 million yuan, with Youce Investment fined 21 million yuan and Huang Wei fined 9 million yuan, alongside lifetime bans for Huang Wei from the securities market [4][5]. - The CSRC has indicated that it will refer any criminal issues related to these violations to law enforcement agencies [1]. Group 2: Fund Mismanagement - From April 2020 to June 2024, Youce Investment illegally transferred 9.55 billion yuan from bank deposits of three investment products to accounts outside the fund's custody [3]. - The company provided misleading information regarding the assets, returns, and net values of 11 fund products, which were not in line with actual conditions [3][4]. Group 3: Regulatory Environment - The case reflects a broader trend of increased regulatory scrutiny in the private fund sector, with over 8,000 illegal or inactive institutions eliminated in the past five years [6]. - The CSRC has been actively promoting compliance training and legal education, conducting over 1,000 educational activities this year alone [6]. - The regulatory approach emphasizes a balance between punishment and education to foster a healthier industry environment and encourage long-term investment practices [6].

近日，深圳证监局公告，对深圳泽源私募证券基金管理有限公司、杨光采取出具警示函的监管措施。 经查，深圳泽源私募证券基金管理有限公司在从事私募基金业务活动中，存在由非公司从业人员承担部 分私募基金投资管理职责、不公平对待同一私募基金的不同投资者的情形，说明在管理、运用私募基金 财产的过程中未履行谨慎勤勉义务。杨光负责相关私募基金投资运作，实施了不公平对待同一私募基金 不同投资者的违规行为，未恪守相关行为规范。 据官网介绍，深圳泽源私募证券投资基金管理有限公司成立于2015年11月11日，2017年12月25日在中国 证券投资基金业协会登记为私募证券基金管理人，登记编码 P1066466，截止2023年10月，累计管理规 模20亿元。 来源：读创财经 相关行为违反了《私募投资基金监督管理暂行办法》（证监会令第105号，以下简称《私募管理办 法》）第四条、《关于加强私募投资基金监管的若干规定》（证监会公告〔2020〕71号）第九条第一款 第五项的规定。 依据《私募管理办法》第三十三条的规定，深圳证监局决定对深圳泽源私募证券基金管理有限公司、杨 光采取出具警示函的行政监管措施。 ...

Group 1 - The core issue identified by the Shandong Securities Regulatory Bureau is the lack of an associated transaction management system at Ruiyin Pandef Private Fund Management (Shandong) Co., Ltd [1] - The company failed to disclose associated transactions as required by regulations and contractual agreements [1] - The firm engaged in borrowing financing intermediary services without timely reporting and regularly updating information about the management and its personnel [1] Group 2 - The Shandong Securities Regulatory Bureau has decided to impose corrective administrative measures on Ruiyin Pandef Private Fund Management (Shandong) Co., Ltd [1] - The violations are in breach of several regulations, including the "Regulations on the Supervision and Administration of Private Investment Funds" and related guidelines [1] - The corrective measures will be recorded in the securities and futures market integrity database [1]

Core Viewpoint - Zhejiang Securities Regulatory Bureau issued a warning letter to Zhejiang Haokun Shengfa Asset Management Co., Ltd. for various violations in its private fund operations [2][3] Group 1: Regulatory Actions - The Zhejiang Securities Regulatory Bureau identified several issues with Haokun Shengfa's private fund operations, including unfair treatment of different fund assets managed by the company [3] - Misleading statements were found in the promotional materials for the private funds [3] - The company failed to maintain decision-making records for reverse transactions conducted on the same day [3] - There were violations of internal investment trading systems, including actions that manipulated stock prices [3] Group 2: Accountability - Zhang Menfa, the legal representative and general manager of Haokun Shengfa, was held primarily responsible for the identified issues due to a lack of diligence in fulfilling his duties [3] - The regulatory authority decided to issue a warning letter to Zhang Menfa, which will be recorded in the securities and futures market integrity archive [3] Group 3: Company Profile - Haokun Shengfa is a private securities investment fund established in June 2016, with registration completed in November 2017 [3] - The company has 15 full-time employees, all of whom hold qualifications for fund management [3] - The assets under management range between 2 billion to 5 billion yuan [3]

Group 1 - The core issue highlighted is the administrative regulatory measures taken against Xinjiang Boze Huijin Investment Management Co., Ltd. by the Xinjiang Securities Regulatory Bureau due to three main violations in their private fund operations [1] - The company failed to conduct risk ratings for certain private fund products as required [1] - The company did not properly register changes in investors and actual controllers with the China Securities Investment Fund Industry Association as mandated [1] - There was inadequate preservation of records related to investment decisions and investor suitability management, violating relevant regulations [1] Group 2 - As a consequence of these violations, the Xinjiang Securities Regulatory Bureau issued a warning letter as an administrative regulatory measure against the company [1] - The violations will be recorded in the securities and futures market integrity archives [1]

Core Viewpoint - Shenzhen Securities Regulatory Bureau issued a warning letter to Shenzhen Dehong Lianxin Private Equity Fund Management Co., Ltd. and Liu Junhui for regulatory violations in private equity fund operations [3][4]. Group 1: Regulatory Violations - Dehong Lianxin Private Equity failed to conduct necessary reviews of suitability materials for some investors and did not fulfill due diligence obligations [3]. - The company made commitments to investors regarding minimum returns, which is against regulatory requirements [3][4]. Group 2: Administrative Measures - The Shenzhen Securities Regulatory Bureau decided to impose administrative regulatory measures by issuing a warning letter to both Dehong Lianxin Private Equity and Liu Junhui [4].