With the warming of the A-share market, the capital market continues to be active, and the periodic market continues to appear, illegal recommendation of shares, over-the-counter capital allocation and other illegal activities also emerge in an endless stream. In this context, the securities regulatory bureaus of many places, together with the relevant departments, have been constantly cracking swords on illegal acts.
On November 26, Xinjiang Securities Regulatory Bureau issued a risk warning on the off-site capital allocation platform. Xinjiang Securities Regulatory Bureau reminds investors that the over-the-counter capital allocation activities in the securities and futures markets are illegal financial activities with high risks. In addition, Xinjiang securities regulatory bureau also announced the platform Zhongtian online and its website, which does not have the qualification of securities and futures businessuff08 zts.wantongex.com uff09To remind investors.
Securities Times reporter found that the Xinjiang securities regulatory bureau announced Zhongtian online can be regarded as a typical illegal stock recommendation platform. After you click to enter, you can see that a teacher on the platform is enthusiastically introducing the way of investment, and the trend of individual stocks and buying opportunities. For each module of the platform, we need to add platform customer service through QQ. If the data of the platform is true, the number of online journalists is more than 10000, and the communication and interaction are frequent.
The compliance director of a large listed securities firm in Beijing told the securities times that these capital allocation institutions often do not have the qualification to operate securities and futures business, which not only violates the legal provisions, but also seriously damages the legitimate interests of investors. Investors must keep a rational attitude, choose regular financial institutions to invest and trade, enhance the awareness of risk prevention, and stay away from illegal capital allocation.
It was launched in many places during the year
Special rectification activities
Margin trading is the exclusive business of securities companies. When people with ulterior motives try to work without a license, off-site capital allocation also emerges as the times require.
According to the provisions of the securities law, securities margin trading belongs to the exclusive business of securities companies. Without the approval of the CSRC, no unit or individual is allowed to operate. In essence, the over-the-counter capital allocation activities belong to the securities margin trading business that only the securities companies can carry out according to law. If the relevant institutions or individuals engage in the off-site capital allocation activities without obtaining the corresponding securities business operation qualifications, they will constitute illegal securities business activities, and they will be investigated for legal liabilities according to law.
However, when the market is hot, there are still criminals ready to move. During the Spring Festival market period in February this year, the situation of off-site capital allocation increased significantly. At that time, the CSRC had said that it would pay close attention to this issue and guide the relevant parties to strengthen the supervision of the whole process of transactions in accordance with the law. All securities companies should strictly implement the management of brokerage business and margin trading customers appropriateness, strengthen the monitoring of abnormal transactions, and earnestly do a good job in the security protection of technical systems.
Since then, China Securities Regulatory Commission and local securities regulatory bureaus have launched a vigorous special rectification action. In July this year, China Securities Regulatory Commission (CSRC) exposed 258 illegal over-the-counter capital allocation platforms. In September this year, China Securities Regulatory Commission (CSRC) deployed its agency to launch a three-month special rectification action to crack down on the relevant black industry chain, focusing on cracking down on such illegal activities as black mouth of the stock market, illegal recommendation of stocks, off-site capital allocation, black groups and black app.
Under the repeated voice of the CSRC, the local securities regulatory bureaus have also actively cooperated. In addition to Chongqing Securities Regulatory Bureau joint efforts to crack down on major cases, Hebei, Shenzhen, Qinghai and other local securities regulatory bureaus have successively announced special rectification action plans for illegal activities such as black mouth of the stock market, illegal recommendation of stocks, over-the-counter capital allocation.
For example, on November 3, Qingdao securities regulatory bureau announced the specific plan of special rectification activities. Qingdao securities regulatory bureau said that it launched securities and futures business institutions under its jurisdiction to trace out illegal clues and classify suspected capital allocation platforms and illegal stock recommendation accounts. We will strengthen cooperation with the public security, communications and telecommunications departments, intensify the crackdown on the above-mentioned violations, and resolutely crack down on the relevant black industrial chain.