Core Viewpoint - The Shenzhen Securities Regulatory Bureau has taken administrative regulatory measures against Pioneer Futures Co., Ltd. due to multiple issues including internal control deficiencies, inadequate management of trader suitability, non-compliance in futures trading consulting, and insufficient network and information security management [1][2]. Group 1: Regulatory Violations - The Shenzhen Securities Regulatory Bureau detailed several violations by Pioneer Futures, covering areas such as business operations, compliance risk control, information disclosure, and network security [2]. - Specific issues include insufficient due diligence on third-party internet marketing partners, ineffective control over internet marketing activities, and violations of trader suitability management by guiding clients in risk assessment processes [2][3]. - Misleading promotional content regarding trading strategies on the Pioneer Futures app was identified, which does not comply with the regulations governing futures trading consulting [2]. Group 2: Internal Control Deficiencies - The regulatory body highlighted that the identified issues reflect significant internal control deficiencies at Pioneer Futures, violating multiple regulatory provisions [3]. - Violated regulations include the "Measures for the Supervision and Administration of Futures Companies" and the "Measures for the Management of Futures Trading Consulting Business," among others [3]. Group 3: Required Remediation - The announcement mandates Pioneer Futures to rectify the identified issues, including establishing a comprehensive internal control system, enhancing compliance risk management for internet marketing and futures trading consulting, and improving network and information security measures [4]. - Pioneer Futures has the right to appeal the administrative measures within 60 days or file a lawsuit within six months, but the regulatory measures will remain in effect during this period [4].