Core Viewpoint - The China Securities Regulatory Commission (CSRC) has imposed severe administrative penalties on Zhejiang Youce Investment Management Co., Ltd. for illegal activities, including misappropriation of fund assets and submission of false information, resulting in fines exceeding 35 million yuan and a lifetime ban for the actual controller [1][3]. Group 1: Regulatory Actions - The CSRC has penalized Youce Investment and its responsible personnel for serious violations of private fund laws, with total fines exceeding 35 million yuan, marking one of the heaviest penalties in history [3]. - The actual controller, Huang Wei, has been banned from the securities market for life, and the China Securities Investment Fund Industry Association has revoked the management registration of Youce Investment [1][3]. Group 2: Violations and Misconduct - Youce Investment was found to have submitted false information regarding its actual controller, with discrepancies noted between reported and actual details from March 2019 to the investigation date [1][2]. - The company misappropriated fund assets, with 9.55 billion yuan still unreturned as of July 2, 2024, after transferring funds from bank agreement deposits to other accounts without authorization [2][3]. Group 3: Industry Implications - The CSRC emphasizes the need for strict enforcement of regulations to eliminate illegal activities in the private fund sector, aiming to protect investor rights and promote a healthy market environment [4]. - Over the past five years, the CSRC has eliminated more than 8,000 illegal and zombie institutions, indicating a significant reduction in industry risks and an ongoing commitment to compliance training and self-regulation among private fund managers [4].

Core Viewpoint - The China Securities Regulatory Commission (CSRC) has imposed significant penalties on Zhejiang Youce Investment Management Co., Ltd. for illegal activities, including misappropriation of fund assets and submission of false information, highlighting the regulatory body's commitment to maintaining market order and protecting investors' rights [1][3]. Group 1: Regulatory Actions - Zhejiang Youce Investment was fined a total of 35.25 million yuan, with 21 million yuan imposed on the company and 14.25 million yuan on three responsible individuals [3]. - The actual controller of Youce Investment, Huang, has been banned from the market for life due to his involvement in the violations [3]. - The CSRC has stated that it will refer any potentially criminal activities to law enforcement for further investigation [1]. Group 2: Violations Identified - Youce Investment was found to have three main violations: false reporting of the actual controller's information, misappropriation of fund assets for personal gain, and submission of false product information [2]. - 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, without returning the funds [2]. Group 3: Industry Impact and Reforms - The introduction of the new "Private Fund Supervision Regulations" has increased penalties for serious violations, signaling a "zero tolerance" approach to illegal activities in the private fund sector [3]. - Over the past five years, more than 8,000 illegal and zombie institutions have been eliminated from the private fund industry, leading to a more optimized industry structure and reduced risks [4]. - As of October 2023, the number of active private fund managers has decreased by approximately 20% from peak levels, indicating a tightening of the industry [4]. Group 4: Accountability and Legal Framework - The new regulations establish a comprehensive accountability system for private fund violations, including civil and criminal liabilities for breaches of the law and fund contracts [6][8]. - The Supreme People's Court and the CSRC have issued guidelines to strictly enforce laws against private fund crimes, enhancing judicial standards and case guidance [7][8]. - The three-pronged accountability system of administrative penalties, civil compensation, and criminal prosecution is being refined to protect investors and promote a healthy market environment [8].

侵占挪用私募基金财产行为严重损害投资者合法权益，破坏市场秩序。证监会将坚决贯彻落实新"国九 条"相关要求，依法严厉查处私募基金各类违法违规活动，清除"害群之马"，净化市场环境，促进行业 规范健康发展。 （来源：央视新闻） （原标题：证监会开出"顶格"罚单，对优策投资罚款2100万元） 近日，证监会对浙江优策投资管理有限公司（以下简称优策投资）及有关责任人员违法违规作出行政处 罚。经查，优策投资及实际控制人存在违规挪用基金财产、报送虚假信息等行为，严重违反私募基金法 律法规。浙江证监局对优策投资罚款2100万元，对3名责任人员罚款1425万元，对实际控制人采取终身 证券市场禁入措施。中国证券投资基金业协会同步撤销管理人登记。对于相关违法行为可能涉及的犯罪 问题线索，证券监管部门将坚持应移尽移的工作原则，依法依规移送公安机关。据介绍，相关处罚力度 为顶格处罚，在私募监管领域"史上最重"。 ...

| 索 引 号 | | bm56000001/2025-00014411 | ਜੋ ਵੇਂ | 行政监管措施;行政执法 | | --- | --- | --- | --- | --- | | 发布机构 | | | 发文日期 | 2025年12月12日 | | ਸਮ | 称 | 关于对青岛颐道通达投资管理有限公司、赵一珍采取出具警示函措施的决定 | | | | 文 | 등 | | 主题词 | | 北京商报讯（记者 李海媛）12月12日，青岛证监局发文称，经查，青岛颐道通达投资管理有限公司（以下简称"颐道通达投资"）从事私募基金业务活动未 遵循诚信原则，违反了相关规定。赵一珍作为公司法定代表人、总经理，未能恪尽职守、勤勉尽责，对上述行为负有主要责任。依照有关规定，青岛证监局 决定对颐道通达投资、赵一珍采取出具警示函的措施，并将相关情况记入证券期货市场诚信档案。 ...

| 索 引 号 | | bm56000001/2025-00014431 | ਜੋ | 崇 | 行政执法;行政监管措施 | | --- | --- | --- | --- | --- | --- | | 发布机构 | | | 发文日期 | | 2025年12月12日 | | ਉ | 称 | 深圳证监局关于对深圳海峡资产管理有限公司、孙俊杰采取出具警示函措施的决定 | | | | | 文 | 름 | 行政监管措施决定书〔2025〕213号 | 主题词 | | | 北京商报讯（记者 李海媛）12月12日，深圳证监局发文称，经查，深圳海峡资产管理有限公司（以下简称"深圳海峡资产"）在从事私募基金业务活动中， 存在未采取问卷调查等方式对投资者的风险识别能力和风险承担能力进行评估；未按照合同约定向投资者披露基金投资等可能影响投资权益的重大信息。 深圳证监局指出，孙俊杰担任深圳海峡资产管理有限公司法定代表人，领导、实施了未按照合同约定向投资者进行信息披露的违规行为，作为私募基金从业 人员，未恪守相关行为规范。上述行为违反了规定，依据有关规定，深圳证监局决定对深圳海峡资产、孙俊杰采取出具警示函的行政监管措施。 ...

Core Viewpoint - The China Securities Regulatory Commission (CSRC) has imposed severe administrative penalties on Zhejiang Youce Investment Management Co., Ltd. for illegal activities, including misappropriation of fund assets and submission of false information, marking one of the heaviest penalties in the private equity sector [1][2]. Group 1: Penalties and Actions - Zhejiang Youce Investment was fined 21 million yuan, while three responsible individuals were fined a total of 14.25 million yuan, with the actual controller facing a lifetime ban from the securities market [1][2]. - The China Securities Investment Fund Industry Association has simultaneously revoked the management registration of Youce Investment [1][2]. - The CSRC emphasized its commitment to enforcing the new "National Nine Articles" to rigorously investigate and penalize various illegal activities in the private equity sector [1]. Group 2: Violations Identified - Youce Investment submitted false information regarding its actual controller, misreporting the identity of the controller from March 2019 until the investigation date [3]. - The company misappropriated fund assets, with 9.55 billion yuan still unreturned as of July 2, 2024, after transferring funds from investment layer products to accounts outside the fund's custody [4]. - Youce Investment provided misleading information about the assets, returns, and net values of its funds, resulting in discrepancies in the reported data for 11 fund products [5]. Group 3: Individual Accountability - The actual controller, Huang Wei, was fined 9 million yuan and banned for life from the securities market for using private fund assets for personal gain [7]. - Liu Kaige, who was responsible for the management of Youce Investment, was fined 4.2 million yuan for failing to fulfill his duties [8]. - Jiao Jian, the former legal representative and general manager, was fined 1.05 million yuan for not exercising due diligence in her responsibilities [8].

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 ...

新华社北京12月12日电（记者刘慧、刘开雄）中国证监会12月12日宣布，对浙江优策投资管理有限 公司及有关责任人员违法违规行为作出行政处罚。据介绍，相关处罚力度为顶格处罚，在私募监管领 域"史上最重"。证监会明确，依法严厉查处私募基金各类违法违规活动，清除"害群之马"，净化市场环 境，促进行业规范健康发展。 证监会信息显示，经查，优策投资及实际控制人存在违规挪用基金财产、报送虚假信息等行为，严 重违反私募基金法律法规。浙江证监局对优策投资罚款2100万元，对3名责任人员罚款1425万元，对实 际控制人采取终身证券市场禁入措施。中国证券投资基金业协会同步撤销管理人登记。对于相关违法行 为可能涉及的犯罪问题线索，证券监管部门将坚持应移尽移的工作原则，依法依规移送公安机关。 证监会有关部门负责人介绍，私募投资基金监督管理条例大幅提高了处罚力度。证监会用好用足相 关条款，进一步提高违法违规成本。近5年出清违法违规及僵尸机构超8000家，行业结构进一步优化， 行业风险明显收敛。 【纠错】 【责任编辑:焦鹏】 "我们将积极开展合规培训、普法教育，督促机构自查自纠，促进私募行业高质量发展。引导行业 积极践行长期投资和价值投 ...

Core Viewpoint - The China Securities Regulatory Commission (CSRC) has imposed administrative penalties on Zhejiang Youce Investment Management Co., Ltd. for serious violations of private fund laws, including misappropriation of fund assets and submission of false information [1] Group 1: Regulatory Actions - Zhejiang Youce Investment was fined 21 million yuan, while three responsible individuals were fined a total of 14.25 million yuan [1] - The actual controller of Youce Investment has been banned from the securities market for life [1] - The China Securities Investment Fund Industry Association has revoked the management registration of Youce Investment [1] Group 2: Implications for the Industry - The misappropriation of private fund assets severely harms investors' legitimate rights and disrupts market order [1] - The CSRC is committed to enforcing the new "National Nine Articles" requirements to rigorously investigate various illegal activities in private funds [1] - The regulatory body aims to eliminate "bad apples" and purify the market environment to promote the healthy development of the industry [1]

Core Viewpoint - The China Securities Regulatory Commission (CSRC) has imposed severe administrative penalties on Zhejiang Youce Investment Management Co., Ltd. for serious violations of private fund regulations, including misappropriation of fund assets and submission of false information, totaling over 35 million yuan in fines [1][4]. Group 1: Violations and Penalties - Youce Investment was found to have submitted false information regarding its actual controller, with the controller changing to Huang Wei in March 2019, while the reported controller was incorrectly listed as Li Mouqing [2][3]. - The company misappropriated fund assets, with 9.55 billion yuan still unreturned as of July 2, 2024, from bank deposits of three investment layer funds [3]. - The CSRC has decided to impose a fine of 21 million yuan on Youce Investment and 9 million yuan on Huang Wei, who will also face a lifetime ban from the securities market [3]. Group 2: Regulatory Actions and Industry Impact - The CSRC emphasizes a strict crackdown on illegal activities in the private fund sector, including misappropriation of fund assets and illegal related-party transactions, to protect investors' rights [4][5]. - The recent penalties reflect a significant increase in enforcement actions under the revised Private Fund Regulations, aiming to raise the cost of violations and enhance market integrity [4][5]. - Over the past five years, the CSRC has eliminated more than 8,000 illegal and zombie institutions, indicating a trend towards a more optimized industry structure [5].