Jiutai Blue Mountain Investment Ordered to Correct, Due to Inadequate Disclosure Practices and Other Issues

robot
Abstract generation in progress

Blue Whale News, March 26 - Recently, the Jiangsu Securities Regulatory Bureau issued an administrative regulatory decision targeting Jutai Lanshan (Suzhou) Investment Management Co., Ltd.

The decision shows that the company has the following issues: first, it failed to update the relevant information of the managers and employees in a timely manner as required; second, its information disclosure work was inadequate; third, in managing private equity fund assets, it did not fulfill its duty of care and diligence.

These behaviors violate the “Interim Measures for the Supervision and Administration of Private Investment Funds” and the “Certain Provisions on Strengthening the Supervision of Private Investment Funds.” The Jiangsu Securities Regulatory Bureau decided to take administrative regulatory measures requiring Jutai Lanshan (Suzhou) Investment Management Co., Ltd. to make corrections.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin