JF Wealth Holdings Subsidiary Receives Regulatory Action Over Compliance Violations

Reuters
Feb 09
JF Wealth Holdings Subsidiary Receives Regulatory Action Over Compliance Violations

JF Wealth Holdings Ltd. announced that its subsidiary, Shanghai Jiufangyun Intelligent Technology Co., Ltd., has received a decision on administrative supervisory measures. The action follows findings of violations, including misleading marketing and promotional content, false information in live-streaming marketing, inadequate compliance and risk control, and unregistered employees providing investment advice. The Group stated it accepts and will comply with the decision, and will work to improve operational management.

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