Huaan Securities (600909.SH) announced that on February 18, 2024, the company received China Securities Regulatory Administration...
Zhitong Finance App News, Huaan Securities (600909.SH) announced that on February 18, 2024, the company received the “Decision on Ordering Corrective Measures against Huaan Securities Co., Ltd.” from the Anhui Regulatory Bureau (“Anhui Securities Regulatory Bureau”) of the China Securities Regulatory Commission.
After investigation, the Anhui Securities Regulatory Bureau discovered that the company had the following problems: first, research reports such as “Zuojiang Technology” issued by the company were imprudent; second, there were deficiencies in personnel management, cybersecurity management, and financial and securities business management; third, in the process of carrying out investment banking business, due diligence on individual projects was insufficient, quality control and core controls were not strict, and continuous supervision was inadequate. The above situation violates relevant regulations and reflects flaws in the company's internal control and corporate governance. The Anhui Securities Regulatory Bureau decided to take corrective administrative supervision measures against the company.