The Dealers Association interviewed major securities companies to urge their investment advisory business to operate in a standardized manner

On September 11, the Dealers Association found in its self-discipline management that some securities companies, in the process of carrying out investment advisory services for small and medium-sized banks, have problems such as controlling customer transactions, mixing self-operated and investment advisory services, and adjusting income and interest transfer between different accounts through disguised pools of funds. In order to strengthen the regulation of the bond market and promote the smooth operation of the market, the Dealers Association recently interviewed major securities companies with large investment advisory business, urging them to strictly isolate different business lines, standardize the investment advisory business and service methods, and prevent conflicts of interest and moral hazard. Securities companies are required to conduct a comprehensive and serious self-examination of the investment advisory business, and report the self-examination situation to the association within the specified time, and submit all investment advisory agreements. The Dealers Association will take further self-regulatory measures as appropriate for securities companies that fail to truthfully report problems in self-inspection.