B · Normal
[Minmetals Futures was issued a warning letter by supervision] On August 28, the Shenzhen Securities Regulatory Bureau disclosed that after investigation, Minmetals Futures Co., Ltd. had problems such as insufficient management and control of programmatic trading risks of some asset management products, insufficient investment and research capabilities for FOF asset management products, external promotional materials for some asset management products that were inconsistent with reality, failure to effectively prevent the risks of individual futures account liquidation operations, some incompatible job responsibilities were not strictly separated, and some research reports did not perform the approval procedures as required by the company's system. The Shenzhen Securities Regulatory Bureau decided to take regulatory measures by issuing a warning letter to the company, and required the company to strengthen active management and risk prevention of the asset management business, strengthen the compliance review of the transaction consulting business, reasonably set job responsibilities, effectively implement the risk management and internal control system, and accelerate the disposal of defaulted asset management products.
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