Nov 20, 2021 09:19 PM (GMT+8) · EqualOcean
Cailian, November 20 (Xinhua) -- in November, China Securities Investment Fund Industry Association issued a number of disciplinary decisions involving Daren Investment Management Group Co., Ltd., Fengsheng wealth Asset Management Co., Ltd., etc. It is worth noting that Daren asset management was once a well-known private placement institution listed on the new third board and was forcibly delisted at the end of 2017. This time, due to the public publicity of private placement products on the official website, violation of investor appropriateness regulations, and the chairman's lack of fund qualification, he was punished, publicly condemned, corrected within a time limit, and suspended the filing of private placement products for 6 months. Fengsheng wealth was also disciplined together with the general manager and compliance risk control for issuing a letter of guarantee to investors, failing to file products, failing to disclose annual reports and other issues.