First, the background of the CSRC's rectification measures.
As the regulatory body of the capital market, China Securities Regulatory Commission bears the important responsibility of maintaining market order and protecting investors' rights and interests. In the process of supervision, the CSRC found that Shen Wan Hongyuan had some illegal acts in his business operation, which may damage the market order and the interests of investors. Therefore, the CSRC decided to take rectification measures against Shen Wanhongyuan and asked him to rectify within a time limit.
Two, the specific content of the corrective measures shall be ordered
The rectification measures ordered by the CSRC to Shen Wanhongyuan include: requiring him to conduct self-examination and self-correction on violations of laws and regulations, formulate rectification plans, and complete rectification within the prescribed time limit. At the same time, the CSRC will continue to supervise the rectification of Shen Wan Hongyuan to ensure that its rectification measures are effectively implemented.
Third, Shen Wan Hongyuan's response to the rectification measures ordered
In the face of the rectification measures ordered by the CSRC, Shen Wanhongyuan said that he would actively cooperate and conscientiously implement the rectification requirements. The company will strengthen internal management, improve business processes and ensure compliance. At the same time, Shen Wanhongyuan will also strengthen employee training, improve employees' compliance awareness and risk awareness, and prevent similar problems from happening again.
Fourth, the significance and influence of ordering rectification measures
The CSRC ordered Shen Wanhongyuan to take corrective measures, which is not only a compliance supervision of the company, but also a warning to the entire securities industry. This measure helps to maintain market order, protect the rights and interests of investors and promote the healthy development of the capital market. At the same time, it will also promote securities companies to strengthen internal management, improve the level of compliance, and enhance the image and credibility of the entire industry.
To sum up:
The measures ordered by the CSRC to correct Shen Wan Hongyuan are to supervise and correct his illegal acts, aiming at maintaining market order and protecting investors' rights and interests. Shen Wanhongyuan will actively cooperate with the rectification requirements, strengthen internal management and staff training, and prevent similar problems from happening again. This move also has a warning effect on the entire securities industry, which will promote the industry to strengthen compliance supervision and enhance its image and credibility.
Legal basis:
People's Republic of China (PRC) Securities Law
Article 1 19 stipulates:
If a securities company violates the provisions of this Law and has any of the following circumstances, it shall be ordered to make corrections, given a warning, its illegal income shall be confiscated, and a fine of more than one time but less than ten times its illegal income shall be imposed; If there is no illegal income or the illegal income is less than one million yuan, a fine of not less than one million yuan but not more than ten million yuan shall be imposed; If the circumstances are serious, the relevant business license shall be revoked. People's Republic of China (PRC) Securities Law
Article 120 stipulates:
If a securities company fails to submit relevant reports or fulfill the obligation of information disclosure in accordance with the provisions, or the disclosed reports and information contain false records, misleading statements or major omissions, it shall be ordered to make corrections, given a warning, and imposed a fine of not less than 500,000 yuan but not more than 5 million yuan; Give a warning to the directly responsible person in charge and other directly responsible personnel, and impose a fine of not less than 200,000 yuan but not more than 2 million yuan.