The Zhongjin Wealth Branch One was ordered to correct three violations and one employee was issued a warning.

According to the Jilin Securities Regulatory Bureau, an investigation found three issues at the Zhongjin Wealth Securities Changchun Changchun Street Securities Sales Department: 1) improper incentive assessments, with fund sales revenue as the main performance indicator, directly linking performance evaluations to the number of new accounts opened and client transaction volume. 2) inadequate reporting and monitoring of investment activities by employees, their spouses, and related parties. 3) failure to effectively fulfill responsibilities for investor suitability management. In light of this, the Jilin Securities Regulatory Bureau has taken administrative supervisory measures to order corrections at the sales department in accordance with relevant regulations. Additionally, the Jilin Securities Regulatory Bureau disclosed that during his tenure at the aforementioned sales department, Zhou, a securities practitioner, engaged in activities such as trading stocks using other individuals' accounts and conducting customer solicitation activities outside of his role as a securities broker, as well as persuading clients to increase their risk tolerance assessment levels. The Jilin Securities Regulatory Bureau has decided to issue a warning letter to Zhou as a supervisory measure.