China-Singapore Jingwei, July 11. According to the recent disclosure by the Beijing Regulatory Bureau of the China Securities Regulatory Commission, Main Road Fund Sales Co., Ltd. (hereinafter referred to as "Main Road Fund") has inadequate internal control in the fund sales business; it has not established a special compliance risk control. Management department; senior executives held operating positions in related parties and many other issues, and decided to take administrative supervision measures against the company by ordering to suspend relevant business for 3 months.
Specifically, the Beijing Supervision Bureau of the China Securities Regulatory Commission found that the company has eight major problems in its fund sales business:
First, the information displayed on some pages of the mobile APP is incorrect, and it does not have the functions of disclosing the information of fund practitioners, which does not meet the relevant requirements of the fund sales business information management platform;
Second, there are less than 20 people who have obtained fund qualifications;
Third, there is a lack of necessary physical isolation and staffing between business departments, internal control is not perfect, and relevant systems are not updated in a timely manner;
Fourth, the scale of fund sales and the long-term investment income of investors were not included in the assessment and evaluation system;
Fifth, there is no special compliance and risk control management department;
Sixth, the independence of business development is insufficient, and there is confusion with related parties Gandao Investment Fund Management Co., Ltd. and Qiandao Investment Holding Group Co., Ltd., and senior executives hold operating positions in the related party Gandao Investment Holding Group Co., Ltd.;
Seventh, the financial situation is poor, and the net value invested in high-liquidity assets is less than 20 million yuan;
Eighth, the change of senior management personnel was not filed with our bureau in time.
The Beijing Supervision Bureau of the China Securities Regulatory Commission pointed out that the above-mentioned problems of Qiandao Fund violated many provisions of the "Measures for the Supervision and Administration of Sales Institutions of Publicly Offered Securities Investment Funds", and decided to take administrative supervision measures against the company by ordering it to suspend relevant business for three months.
