What should I do if Magpie Wealth is suspended for 6 months and 1768 substitute products?

On July 7, the Tibet Securities Regulatory Bureau issued an announcement saying that the Magpie Wealth Fund Sales Co., Ltd. involved a number of violations in terms of business management, internal control, and information technology, and has been ordered to suspend supervision and management measures for 6 months. At the same time, Wang Yifeng, the chairman of the company, adopted a decision to have alarms with alarms.

"Daily Economic News" reporter found from the matters of regulatory verification that magpie wealth did not change the license to the China Securities Regulatory Commission 5 working days from the date of change of business license (legal representative), and the former general manager of the former general manager During his tenure, Zhang Jian served as a manager in Beijing Rongwei Tongda Technology Co., Ltd. (left in March 2022) and did not record with the Tibet Securities Regulatory Bureau.

The reporter learned from Qixinbao that Wang Yanfeng entered the high management list on September 24, 2021 and became a legal representative. The former king ship was taking office on October 24, 2019. At that time, Chen Hao withdrew. According to the supervisory instructions, while Wang Yifeng was the chairman of the company and the legal representative, Wang Yanfeng replaced the license to the China Securities Regulatory Commission 5 working days from the date of change of the legal representative, and the former chairman left. Carry out departure audit.

Generally speaking, because the financial business is involved, the core executive needs to be audited to ensure that the departure compliance is guaranteed and there is no leftover problem. Some people in the legal community said in a WeChat exchange on July 7: "Levying audit can endorses a responsibility of the former executives, or a responsibility cutting on the new executive, who is responsible for who is during his term. If you do not make a departure audit, it is not easy to make any duties and disputes in duties. "

In other words, the endorsement of the executive's responsibility is to clarify the "decision responsibilities" of each session. Obviously, Magpie Wealth has not been reported and reported in accordance with regulations. Not only that, the reporter discovered on the company's official website that the company's relevant securities and futures business licenses were displayed, and the legal representatives were still displayed as Wang Shizheng, and the management team, the chairman, general manager, chief risk officer, etc. all shown To be added.

On July 7, the reporter tried to contact the official phone of Magpie Wealth, but no one answered to reply.

Because Magpie Wealth was ordered to suspend the supervision and management measures for 6 months of related businesses, it involved the company's related funds for sales and service content may be suspended. Some people in the public offerings said in WeChat on July 7 that if the sales agency was suspended, its online and offline will not be able to provide services normally.

In fact, consumers who purchase funds through such channels can only be redeemed through the original channels in principle. Therefore, when the institutions that provide services provide shutdown, it will inevitably affect investors' normal redemption operations. "Where to purchase, it is redeemed." Said a public offerings in South China.

According to Wind statistics, as of July 7, 2022, Magpie Wealth has sold 1,768 public funds, involving 70 public fund institutions, and 9 new agencies have been added to this month. From the perspective of the agency fund, there are 62 new funds this year (counting all shares), of which many of them are only non -regular open products.

What should investors do if the business is suspended? In particular, if investors need to handle the redemption business, how should the original institution do not provide relevant services? The reporter interviewed a number of fund companies that they could be redeemed by the transferred to the fund company.

In South China, a public offerings responded to reporters on WeChat on July 7 that if the channels need to be rectified, customers can still redeem, but they need to be custody and need to be initiated by customers. In Beijing, a public offerings in Beijing also said in WeChat with reporters on July 7 that the company would contact customers to submit an application to transfer the fund shares to the company's direct sales channels.

People in the South China public offerings said that for those who did not submit the application by themselves, they were processed separately in accordance with whether the holder opened a direct sales account at the corresponding fund company. Those who have opened a direct sales account will uniformly complete the transfer of the relevant fund shares by the fund company. The holder can perform follow -up business operations through the direct sales channel of the fund company.

Daily Economic News

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