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Jilin regulator issues warning letter to Founder Securities branch manager over internal control failures
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The Jilin Securities Regulatory Bureau has issued a warning letter to Jiang Hongguo, the head of the Yanji Aidan Road securities business department of Founder Securities Co., Ltd., for failing to ensure proper internal controls and compliance. An investigation found that the branch had inadequate separation of duties and failed to strictly regulate employee conduct, violating Article 40 of the Securities Brokerage Business Management Measures and Article 6, Item 4 of the Compliance Management Measures for Securities Companies and Securities Investment Fund Management Companies. As the branch head, Jiang Hongguo bears direct responsibility for these violations. The regulatory action includes a written warning, entry into the securities futures market integrity archive, and a requirement to submit a written rectification report within one month. The decision, dated September 23, 2026, allows for administrative reconsideration or legal appeal within specified timeframes.
Source report
Source: Jilin Securities Regulatory Bureau
Date: September 23, 2026
Summary
The Jilin Securities Regulatory Bureau has issued a warning letter to Jiang Hongguo, head of the Yanji Aidan Road Securities Business Department of Fangzheng Securities Co., Ltd., following identified compliance failures at the branch.
Findings
An inspection revealed that the business department had the following issues:
- Inadequate segregation of duties between positions
- Failure to strictly regulate the professional conduct of staff
These problems indicate deficiencies in the branch's internal controls and compliance management.
Regulatory Violations
The identified issues violated:
- Article 40 of the Securities Brokerage Business Management Measures (CSRC Decree No. 204)
- Article 6, Item 4 of the Administrative Measures for Compliance in Securities Companies and Securities Investment Fund Management Companies (CSRC Decree No. 166)
Action Taken
As the branch head, Jiang Hongguo bears direct responsibility for the above violations. In accordance with Article 32, Paragraph 1 of the Administrative Measures for Compliance in Securities Companies and Securities Investment Fund Management Companies, the Bureau has decided to:
- Issue a warning letter as a supervisory measure
- Record this action in the securities and futures market integrity archive
Remediation Requirements
Jiang Hongguo must:
- Complete corrective actions for the identified issues within one month of receiving this decision
- Submit a written rectification report to the Bureau
Right to Appeal
If dissatisfied with this supervisory measure, the recipient may:
- File an administrative reconsideration application with the China Securities Regulatory Commission within 60 days of receiving this decision, or
- File an administrative lawsuit with a competent People's Court within 6 months of receiving this decision
Note: The supervisory measure remains in effect during the appeal or litigation process.
Source
新浪财经Eastern
Part of this Story
CSRC Jilin Bureau Issues Warning to Founder Securities Yanji Branch Over Internal Control Failures