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But anyone who is an A-share investor knows the views of the research report and the winning rate of the first one. However, a post-90s practitioner who seems to be open, but he is like a hanging, and while he was quickly promoted to the peak of his life, he also made nearly five million through **.
See also Regulatory Code Fines
In other words, the Shanghai Securities Regulatory Bureau, which does not follow common sense, has chased a number of regulatory penalty letters in no order
One of the fines against brokerages and ** people attracted the attention of connoisseurs.
This date shows that the administrative penalty decision of Hu 2023 No. 53 on December 25, 2023 disclosed that the party, Zhu, is a "post-90s".
In the ** industry, he worked in a ** share*** (hereinafter referred to as "a brokerage") from July 23, 2018 to April 7, 2021, and was a ** practitioner. From April 22, 2021 to November 16, 2022, he served as a researcher of the development department of a ** management limited liability company (hereinafter referred to as "**") and was a ** practitioner.
From brokerage to public offering, this "post-90s" has committed a lot of things during his tenure.
Research newcomers are promoted quickly
Let's talk about the experience of working in a brokerage research institute, Huo Huo, is not simple.
When he joined the company, Zhu started from a basic position and an assistant researcher, and it only took more than two years for him to complete the "jump" of assistant-assistant researcher-senior analyst of the institute. In order to achieve this double jump, the effort invested during the period can be imagined.
In addition to working hard and striving for progress, Zhu also has a "side hustle" that is worthy of "pride".
After investigation, from April 3, 2019 until April 7, 2021, when he left the company, Zhu controlled the use of three **accounts of "Tu", "Fang" and "Cao". In two years, the cumulative transaction amount amounted to 67.2 billion yuan, with a profit of 48.5 billion850,000 yuan.
Since **@市值风云 has counted 85,902 ** research reports in the range from 2013 to 2017 (including a complete bull and bear market), and a total of 18,123 have been judged correctly, with an overall accuracy rate of only 21%. For comparison, the win rate of a coin toss is almost 50%.
Among the top 10 brokerages in the number of research reports, the correctness rate of Anxin** (now SDIC**), GF**, China Securities Construction Investment and Yangtze River is above the average, but it still does not reach 1 4. The lowest correct rate of Zhongtai**, the win rate is only 156%, which is lower than rolling the dice for a six.
Connoisseurs are also quite curious, what is the research level of this senior analyst of the brokerage? What research reports have you provided for investors during your tenure, and how much commission have you earned for your brokerage? And is his professional ability more used for himself, and has become a generation of "stock gods" active in the magic capital?
Concealment of positions in public offerings
Perhaps with his glamorous resume in the brokerage industry and his unique approach to success, Zhu turned to the public offering track at the beginning of 2021 and continued to engage in research in a certain **.
During this period, he was also not idle, as a researcher in the Ministry of Development. After investigation, from April 2021 to August 31, 2022, Zhu continued to use the two **accounts** of "Cao" and "Gu", but the regulatory letter did not mention the specific profit and loss.
In fact, the regulation strictly prohibits **practitioners**, but does not prohibit **practitioners**, of course, requiring prior declaration to avoid conflicts of interest.
Article 17 of the Law clearly stipulates that "the directors, supervisors, senior managers and other employees of the ** manager of the public offering of ** shall declare to the ** manager in advance when they make ** investment, and shall not have a conflict of interest with the ** share holders".
It is a pity that Zhu really concealed something from a certain ** and did not declare the above-mentioned ** investment in accordance with the law.
Perhaps because "the facts are there", Zhu did not make a statement or defense opinion on the investigation and punishment of supervision, nor did he request a hearing.
For this reason, the Shanghai Securities Regulatory Bureau has "not fined one" for its violations; For the behavior of "failing to report when it should be reported", it will be ordered to make corrections and fined 100,000 yuan. The two crimes were punished concurrently, and the total fine was confiscated 981710,000 yuan.
Which institutions may be involved
Different from the "Shicheng Investment Founder Rat Warehouse" incident that broke the news not long ago, the "code" fine this time has almost no direction, and the expert failed to accurately locate Zhu's identity and institution.
Given that the penalties were imposed by the Shanghai Securities Regulatory Bureau, the connoisseurs looked at 31 brokerages headquartered in Shanghai. There are as many as 10 "candidates" with "**shares" in their names, many of which are top listed brokers.
There are only 10 public offering institutions in the industry with the name of "** Management Co., Ltd."; Among them, only three are registered in Shanghai.
According to the historical information of the practitioners of the China Securities Association according to the statistics of experts, from 2020 to 2023, the number of analysts in the 10 "magic capital" brokerages will be 543, 532, 578 and 684 respectively.
According to the data of Tiantian**.com as of the end of 2023: Changxin** has a management scale of 1,6843 billion yuan, ranking 36th in the public offering industry; Xingyin** has a management scale of 1,2523.6 billion yuan, ranking 47th; The management scale of the East China Sea is 2207 billion yuan, ranking 111th. The official websites of Changxin** and Xingyin** list the organizational chart, and the "Research and Development Department" is a first-level department.
In the context of increased supervision, experts also hope that financial institutions will strengthen self-inspection in terms of internal control and compliance, so as to eliminate the germ of violations as soon as possible.
Disclaimer: This article is for informational purposes only and does not constitute any investment advice to anyone. Investors act accordingly at their own risk.