Six brokerage firms, Hongta Securities, Century Securities, Guangfa Securities, Yongxing Securities, Guorong Securities, and Guoyuan Securities, collectively received regulatory fines. This is also the first batch of regulatory fines relating to brokerage investment banks disclosed on the official website of the Securities Regulatory Commission in 2026. Among them, only the three brokerage firms were punished, while the heads of investment banks at the time of the three brokerage firms Yongxing Securities, Guorong Securities, and Guoyuan Securities were also held accountable. According to the reporter's statistics, quality control flaws have become common shortcomings in the investment banking industry, irregularities are characterized by hierarchical hierarchical characteristics, and the focus of supervision and accountability continues to sink. It is becoming a new trend in the current supervision of brokerage investment banks. The statistical cycle has been lengthened. Although the frequency of leading brokerage firms being punished has been drastically reduced, there is still no shortage of brokerage firms involved in major cases in recent years.

Six brokerage firms, Hongta Securities, Century Securities, Guangfa Securities, Yongxing Securities, Guorong Securities, and Guoyuan Securities, collectively received regulatory fines. This is also the first batch of regulatory fines relating to brokerage investment banks disclosed on the official website of the Securities Regulatory Commission in 2026. Among them, only the three brokerage firms were punished, while the heads of investment banks at the time of the three brokerage firms Yongxing Securities, Guorong Securities, and Guoyuan Securities were also held accountable. According to the reporter's statistics, quality control flaws have become common shortcomings in the investment banking industry, irregularities are characterized by hierarchical hierarchical characteristics, and the focus of supervision and accountability continues to sink. It is becoming a new trend in the current supervision of brokerage investment banks. The statistical cycle has been lengthened. Although the frequency of leading brokerage firms being punished has been drastically reduced, there is still no shortage of brokerage firms involved in major cases in recent years.