按照相关规定，广东证监局责令科德投资对上述违规行为和问题进行改正，责令该公司清理违规业务； 责令该公司暂停新增客户6个月，暂停期间不得签约新客户，不得以"投资者教育"等名义变相新增客 户。 同日，广东证监局还披露了对英大证券东莞东城证券营业部、广发证券采取责令改正措施的决定。据行 政监管措施决定书，广发证券存在个别证券分析师在微信群传播不实信息的问题。 9月30日，广东证监局官网同时披露了对广东科德投资顾问有限公司（下称"科德投资"）、英大证券东 莞东城证券营业部、广发证券的行政监管措施。其中，科德投资因控股股东存在股权代持、不当干预该 公司正常经营等问题，直接导致该公司在展业过程中存在多项违规行为，被暂停新增客户6个月。 | 序号 | 标题 | 文号 | 发文日期 | | --- | --- | --- | --- | | | 关于对广东科德投资顾问有限公司采取责令改 | | | | 1 | 正、清理违规业务和暂停新增客户监管措施的 | [2025] 106号 | 2025-09-30 | | | 决定〔2025〕106号 | | | | 2 | 关于对刘鹤采取监管谈话措施的决定 [2025] | [202 ...

Core Viewpoint - The case of Aoyi, former manager of Caida Securities Hainan Branch, highlights ongoing regulatory scrutiny in the securities industry regarding unauthorized trading practices, with significant penalties imposed for violations [1][3][4]. Group 1: Case Details - Aoyi was penalized with a warning and a fine of 150,000 yuan for privately accepting client Yu's commission to trade securities, resulting in a total trading volume of approximately 329 million yuan and a loss of about 2.7166 million yuan [1][2]. - The trading activities spanned from December 2019 to May 2024, involving two accounts: a regular account with a trading volume of about 59.7041 million yuan and a credit account with a trading volume of approximately 269 million yuan, leading to significant losses [2][3]. - Despite the large trading volume, Aoyi did not gain any illegal profits during the period of unauthorized trading [3]. Group 2: Regulatory Environment - Since the beginning of 2025, regulatory bodies have disclosed 11 cases of securities professionals being penalized for privately accepting client commissions, indicating a stringent regulatory environment [1][4]. - Notable firms involved in these violations include Huazhong Securities, Guoxin Securities, and CITIC Securities, reflecting a widespread issue across the industry [4]. - The regulatory approach has been characterized by a "zero tolerance" policy, where violations are penalized regardless of whether the violators profited from their actions [6].

Core Viewpoint - The case of Aoyi, former manager of Caida Securities Hainan Branch, highlights ongoing regulatory scrutiny in the securities industry regarding unauthorized trading activities, with significant penalties imposed for violations [2][4]. Group 1: Case Details - Aoyi was penalized with a warning and a fine of 150,000 yuan for privately accepting client commissions to trade securities, resulting in a total trading volume of approximately 329 million yuan and a loss of about 2.72 million yuan [2][3]. - The trading activities spanned from December 2019 to May 2024, involving two accounts of client Yu, with the first account generating a small profit and the second account incurring substantial losses [3][4]. - Aoyi had been with Caida Securities since April 2018 and continued to operate under the company's employment until his retirement in February 2025 [3][4]. Group 2: Regulatory Environment - Since the beginning of 2025, regulatory bodies have disclosed 11 cases of securities professionals being penalized for similar unauthorized trading practices, involving well-known firms such as Huazheng Securities and CITIC Securities [5][6]. - The regulatory approach has been characterized by a "zero tolerance" policy, where violations are penalized regardless of whether the violators profited from their actions [7]. - Recent cases from various regions, including Henan and Jiangsu, further illustrate the strict enforcement of compliance regulations within the securities industry [6][7].

每经记者｜陈晨 每经编辑｜何小桃 叶峰 9月5日，海南证监局一则行政处罚公告引发证券行业关注，财达证券海南分公司前总经理敖义因私下接受客户委托买卖证券，被给予警告并处15万元罚 款。经查，2019年12月至2024年5月期间，敖义操作客户余某蛟的普通账户与信用账户，累计交易金额高达3.29亿元，最终却合计亏损271.66万元。 值得注意的是，敖义已于2024年6月不再担任财达证券海南分公司负责人，并于2025年2月从该分公司退休。这一案例并非个例，据记者不完全统计，2025 年以来，监管部门已披露11张针对证券从业人员"私下接受客户委托买卖证券"的监管措施或行政处罚，涉及华安证券、光大证券、中信证券等多家知名券 商，证券行业合规监管持续保持高压态势。 财达证券敖义的案例只是2025年证券行业违规处罚的一个缩影。据记者不完全统计，2025年以来，监管部门已披露11张有关证券从业人员"私下接受客户 委托买卖证券"的监管措施或行政处罚，涉及华安证券、国信证券、国海证券、光大证券、中信证券、东吴证券等多家知名券商。 交易3.29亿亏超271万 退休后还要领15万"罚单" 作为财达证券海南分公司前负责人，敖义的违规行为 ...

Core Viewpoint - The China Securities Association has reported typical cases of self-regulatory penalties in the securities industry to enhance compliance awareness and prevent similar violations in the future [1] Group 1: Self-Regulatory Penalty Cases - The report includes four cases highlighting violations such as fictitious third-party services, inadequate conflict of interest reviews, improper management of financial reimbursements, and insufficient coverage of integrity assessments [1] - The first two cases involve a securities branch that created fictitious service agreements to pay referral fees, violating principles of integrity and potentially leading to improper economic benefits [2] - The second case involves a conflict of interest where a securities branch failed to conduct due diligence on a media company linked to an employee's spouse, raising concerns about potential conflicts [2] Group 2: Importance of Conflict of Interest Management - Effective conflict of interest management is crucial to curb commercial bribery and ensure market fairness, making it a rigid requirement for compliance [3] - If conflict of interest reviews are merely formalities without a robust mechanism, it may lead to resource misuse and legal risks [3] Group 3: Financial Reimbursement and Integrity Assessments - The report highlights issues in financial reimbursement processes, such as lack of prior approval and missing details on invoices, emphasizing the need for strict financial management [4] - Integrity assessments should cover all staff, including outsourced personnel, to prevent systemic corruption risks and enhance overall compliance awareness [4]