For the violation of the online investment consulting business, Shen Wanhongyuan was ordered to increase the number of compliance inspections

Zhongxin Jingwei, June 17th. On the 17th, the Shanghai Securities Regulatory Bureau adopted the decision to increase the number of compliance inspections on Shen Wanhongyuan Securities Co., Ltd. (hereinafter referred to as Shen Wanhongyuan). The date is April 24, 2022.

The Shanghai Securities Regulatory Bureau stated that after investigation, when Shen Wanhongyuan and Ant Wealth (Shanghai) Financial Information Service Co., Ltd. cooperated to carry out online investment consulting business, they did not carry out appropriate management management independently. Career, financial status, investment experience, integrity records and other information, the relevant information system is not in the scope of the company's own control, and failed to save local information, appropriate management, and related service records.

The above situation violates the "Administrative Measures for the Proper Management of Securities and Futures Investors" (Order 130th of the CSRC, Amended by the Securities Regulatory Commission Order No. 177), and "Compliance Management Measures for Securities Company and Securities Investment Fund Management Company" ( The Securities Regulatory Commission Order No. 133, Amended by the Securities Regulatory Regulatory Regulatory Regulatory Regulatory Commission No. 166) Article 6 (1) and Article 43 of the "Administrative Measures for Information Technology Management of Securities Fund Operation Institutions" (CSRC Order No. 152).

According to relevant regulations, the Shanghai Securities Regulatory Bureau decided to take the following supervision and management measures on Shen Wanhongyuan:

Within one year from the date of the decision of the supervision and management measures, Shen Wanhongyuan was ordered to conduct internal compliance inspections every 3 months, and submitted a compliance inspection report to the Shanghai Securities Regulatory Bureau within 10 working days after each inspection.

Source: Shanghai Securities Supervision Bureau

It is worth mentioning that, on March 22, the website of Shanghai Securities Regulatory Bureau disclosed the order to increase the number of compliance inspections in advance.

In addition, the Shanghai Securities Regulatory Bureau also issued a decision on administrative law enforcement on three relevant persons in charge of Shen Wanhongyuan at that time.

Source: Shanghai Securities Supervision Bureau

Shanghai Certificate Supervision [2022] No. 41 decision shows that the Shanghai Securities Regulatory Bureau believes that Fang Qingli, a member of the executive committee and the general manager of the wealth management department of Shen Wanhongyuan, has a leader in part of the part of the appropriateness involving investors in the above -mentioned violations. Responsibilities, therefore take supervisory conversation measures to Fang Qingli.

The Shanghai Certificate Supervision [2022] No. 42 shows that Zhao Yao, then the head of Shen Wanhongyuan, has a direct responsibility for the part of the appropriateness of investors in the above -mentioned violations, so he takes supervision talks on Zhao Yao.

The Shanghai Certificate Supervision [2022] No. 43 showed that Xie Chen, then the then chief information officer of Shen Wanhongyuan, had the responsibility of part of the information system involved in the above -mentioned violations, and decided to take administrative supervision measures with alert letter. (Zhongxin Jingwei APP)

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