According to an official statement, on May 22, a subsidiary of Hubo Securities was fined a total of 308.1 million RMB by the Beijing Securities Regulatory Bureau for conducting unlicensed cross-border securities activities and illegal fund and futures activities. The regulatory authority also confiscated approximately 103.1 million RMB of illegal gains. Wu Tianhua, Chairman and CEO of Hubo Securities, was fined 1.25 million RMB and received a warning.

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WaitPatientlyForTheR
· 9h ago
According to an official statement, on May 22, HuBo Securities' subsidiary was fined a total of 308.1 million RMB by the Beijing Securities Regulatory Bureau for conducting unlicensed cross-border securities activities and illegal fund and futures operations. The regulatory authority also confiscated approximately 103.1 million RMB of illegal gains. Wu Tianhua, Chairman and CEO of HuBo Securities, was fined 1.25 million RMB and received a warning.
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