The China Securities Regulatory Commission (CSRC) has seriously investigated and dealt with the illegal and irregular cases of Ruifengda
The China Securities Regulatory Commission (CSRC) has imposed administrative penalties on Zhejiang Ruifengda Asset Management Co., Ltd. and its affiliated private placement institutions, as well as related responsible personnel including actual controller Sun Wei, for serious violations of private fund laws and regulations. The total fines exceed 41 million yuan, and the actual controller has been permanently banned from the securities market. The CSRC will continue to rigorously investigate illegal activities in the private fund sector, promote the standardized development of the industry, and protect investors' rights and interests
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