Financial News
Written by: Zhang Weilun
2020-05-28 22:16
Last update date: 2020-05-28 22:16The China Securities Regulatory Commission announced that Guoxin Wu, a former fund manager of Guosen Securities Hong Kong, would re-enter the industry for a period of 9 months, from May 28, 2020 to February 27 next year.
The above disciplinary action stems from the investigation by the Securities and Futures Commission that Guo Zhouwu, when serving in Guosen Securities Hong Kong from April 10, 2012 to May 23, 2017, concealed from the employer a friend and a friend. Knowing persons have beneficial interests / or direct control or influence in accounts held by another brokerage firm, as well as his trading activities in these accounts, which violates Guosen Securities Hong Kong ’s trading policies.
The SFC believes that Guo Zhouwu circumvented Guoxin Securities Hong Kong's internal control policies in a dishonest and deliberate manner, which caused his proper qualification as a licensee to be questioned.
When the SFC decided on Guo Zhouwu's punishment, he had considered all relevant circumstances, including the other party's remorse and acknowledgment of his misconduct, and his past record of disciplinary punishment.
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China Securities Regulatory Commission
