The problem of "alternative" research report once again implicates securities companies and is punished.
Last December, a Feng Shui investment report by an investment consultant of a securities firm in South China, standing at the beginning of the five-year bull market, benevolence is invincible, 2022 China stock market forecast, swiped the screen investment circle. Finally, the boots landed, and the lax report was punished by supervision. On March 11, Shenzhen Securities Regulatory Bureau disclosed that because the "invincible benevolence - 2022 China stock market forecast" produced by Chen, the investment consultant of the securities firm, and published in the company's wechat group, was forwarded and disseminated to the outside world, it decided to take regulatory conversation measures against Chen, the investment consultant, and issue a warning letter to the Shantou branch of the securities firm.
in response to this, the above-mentioned securities companies responded to the Chinese reporter of the securities companies, saying that the company attached great importance to it, called relevant departments to start business self-examination and accountability measures in time, ordered the personnel to make immediate rectification, took punishment measures such as suspending exhibition and taking service products off the shelf, and took the initiative to report to the regulatory authorities, which will be taken as a warning by the subsequent companies
Feng Shui Research Report invites regulatory warning letter
On March 11, Shenzhen Securities Regulatory Bureau issued two announcements on the decision of administrative regulatory measures, one to Shantou branch of a securities firm in South China and one to Chen, the investment adviser of the securities firm.
For the securities firm Shantou branch, Shenzhen Securities Regulatory Bureau said that after investigation, in the event that your company's investment consultant Chen released and forwarded the "invincible benevolence - 2022 China stock market forecast" through the company's wechat group, your company did not strictly monitor and manage the wechat group news according to the internal system requirements, and did not effectively control the relevant professional behaviors of investment consultants.
Shenzhen Securities Regulatory Bureau said that the above-mentioned acts violated the relevant provisions such as the guidelines on internal control of securities companies, and decided to take administrative regulatory measures to issue warning letters to the securities firm.
At the same time, for Chen, the investment consultant of the securities firm, Shenzhen Securities Regulatory Bureau also took regulatory talk measures.
Shenzhen Securities Regulatory Bureau said that after investigation, the "benevolent invincible - 2022 China stock market forecast" produced by Chen and released in the company's wechat group was forwarded and disseminated to the outside world. The relevant forecasts were not cautious about the comments on the industry and market. The stocks were classified and analyzed according to the five element attributes, and the investment suggestions did not have a reasonable basis. Shenzhen Securities Regulatory Bureau decided to take administrative supervision measures of supervision conversation with Chen.
In this regard, the above-mentioned securities companies responded to the Chinese reporter of securities companies, saying that the company attached great importance to the above events, called relevant departments to timely start business self-examination and accountability measures, ordered the personnel to make immediate rectification, and took punishment measures such as suspending the exhibition and taking service products off the shelf.
at the same time, the securities firm took the initiative to report to the regulatory authorities. The subsequent company will take a warning, continue to improve relevant internal control management, comprehensively sort out the management mechanism of investment advisers, and further strengthen the daily compliance supervision, training and monitoring of investment advisers to ensure the compliance and steady development of the company's business
"alternative" Research Report repeatedly triggered compliance risk
In recent years, due to the lax and non-compliance of "alternative" research reports or "special" research reports issued by securities analysts or investment advisers, network hot spots have been formed for many times, which has also attracted the punishment of supervision.
The Research Report "standing at the beginning of the five-year bull market, benevolence is invincible, 2022 China stock market forecast" released by the investment adviser of the above-mentioned South China securities firm in December last year is called Feng Shui Research Report by the outside world, because the investment adviser adopts the metaphysical theory of heavenly stems and earthly branches and gold, wood, water, fire and earth, infers the hot topics of each month in 2022, and believes that starting from 2022, China's stock market will open a bull market for five years.
and this is not the first time that the "Feng Shui" Research Report has attracted regulatory attention
In October last year, Liu, a researcher at a securities firm in Jiangxi, released a research report on the application of tiangan dizhi in timing, which was circulated on the Internet. The whole content of the report also applied the tiangan dizhi theory to the prediction of the trend of a shares. Two months later, on December 30, 2021, Jiangxi Securities Regulatory Bureau took the measures of issuing a warning letter to the securities firm for the "Feng Shui" Research Report, and took the measures of regulatory conversation with Liu, the author of the research report.
In October 2021, Shenzhen Securities Regulatory Bureau issued a warning letter to Mr. Wang, Mr. Zhou and Mr. Tang, saying that the Research Report Contemporary Amperex Technology Co.Limited(300750) Series II - energy storage: the final discussion of the second "growth curve" had some assumptions that were not prudent enough The analysis logic is not rigorous enough.
In October 2021, Anhui Securities Regulatory Bureau issued a warning letter to a securities company in East China and Mr. Li, saying that they had conducted a special inspection on the Research Report of the relevant industries released by the securities company. It was found that the research report had problems such as unclear data source labeling, insufficient prudence in data selection, insufficient objectivity in research report analysis, inadequate quality control and compliance review. As a signed securities analyst of the research report, Li is responsible for the above violations.
In October of the same year, Fujian Securities Regulatory Bureau issued a warning letter to a securities company in Fujian and Xu, sun and Dongmou respectively, saying that the Research Report "depth of medical and beauty industry: lifting weight is light, and seeking beauty is right" signed by the three people has the following problems: first, the data of individual contents of the research report is wrong and the text expression is not rigorous, The source of individual data is not accurately indicated, and there are differences in the presentation or prediction of the same data in different research reports issued by the company in the same period. Second, there is a situation that the specific judgment or viewpoint discussion is not rigorous enough, which is manifested in that the analysis basis of individual specific viewpoints is insufficient and partial, and the conclusion of the development trend of individual industries is deduced based on the financial data of a company, which is not rigorous enough. Third, the paper does not record the calculation method and process of individual data.
