Jan 15, 2021 11:38 AM (GMT+8) · EqualOcean
On January 14, according to the recent disclosure announcement of Jiuding group, the company received the notice of administrative penalty from China Securities Regulatory Commission, confiscating the illegal income of 501 million yuan and imposing a fine of 100 million yuan for using other people's accounts to engage in securities trading, and warning Wu Gang, executive director of Jiuding holdings and chairman of Jiuding group, and imposing a fine of 100000 yuan. At the same time, due to the violation of CITIC approval in 2014, it was ordered by CSRC to correct, given a warning and fined 600000 yuan. In response to the investigation results, Wang Liang, Secretary of Jiuding group, said that he would "accept the punishment results of CSRC and actively rectify." According to its introduction, in the past three years, Jiuding group has been actively implementing regulatory requirements, including strengthening internal process and system control in compliance construction, holding regular legal training and inspection, and reorienting its business strategy.

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