Core Viewpoint - Jiangsu Securities Regulatory Bureau has mandated three rural commercial banks in southern Jiangsu to rectify their fund sales operations due to identified deficiencies in their practices [1][2]. Summary by Category Regulatory Actions - Jiangsu Securities Regulatory Bureau issued warning letters to Jiangyin Rural Commercial Bank and Wuxi Rural Commercial Bank, while Jiangnan Rural Commercial Bank was ordered to make corrections [1][2]. Issues Identified - The regulatory inspections revealed issues primarily in the areas of system construction, business norms, internal controls, risk management, and information reporting [2]. Specific Findings - **Jiangyin Bank**: Lacked a risk monitoring mechanism for investor information security; internal controls were inadequate, with no clear committee for fund product approvals; some staff lacked necessary qualifications; failed to assess potential conflicts of interest; anti-money laundering reporting was insufficient [3]. - **Wuxi Bank**: Fund sales policies were not updated; risk assessments for fund products were inadequate; lacked proper management systems for online promotions; compliance personnel were not involved in product approvals; anti-money laundering reporting was insufficient [6]. - **Jiangnan Bank**: Did not establish risk assessment standards for fund products; promotional content was not reviewed for compliance; some staff lacked qualifications; failed to assess conflicts of interest; anti-money laundering reporting was insufficient [9]. Contextual Background - All three banks are rural commercial banks in southern Jiangsu, which have previously faced disciplinary actions for issues related to bond trading practices [11].