News summary
Beijing Wenxing Shengshi Investment Management was ordered by the Securities Regulatory Bureau to correct for violating the private equity fund regulatory measures. It was required to submit a written rectification report and raise awareness of compliance to protect investors 'rights and interests.
Newsletter text
[Beijing Wenxing Shengshi Investment Management was ordered to rectify for violating regulatory regulations] On May 15, 2024, the Beijing Securities Regulatory Bureau of China issued an announcement that Beijing Wenxing Shengshi Investment Management had violated regulations in the process of managing and using private equity fund assets. according totopazpokerIt is understood that the company failed to abide by its obligations of honesty, credibility, prudence and diligence, and failed to disclose relevant information to investors as agreed in the contract, violating the relevant provisions of the Interim Measures for the Supervision and Administration of Private Investment Funds. In order to correct the violations, the Beijing Securities Regulatory Bureau took administrative supervision measures to order corrections against Beijing Wenxing Shengshi Investment Management in accordance with the provisions of Article 33 of the Interim Measures for the Supervision and Administration of Private Investment Funds. The company must submit a written rectification report to the Securities Regulatory Bureau within 30 days from the date of receiving the decision. Regulators require them to improve their awareness and ability to operate in compliance, and fulfill their duties as private fund managers with due diligence to effectively protect the legitimate rights and interests of investors.
