Suspended new account opening! The futures penalty business has become a disaster area.

One significant change in the futures industry's penalties this year is the substantial increase in "business suspension" measures. Chinese brokers have analyzed the penalties issued so far this year, and the regulatory focus has shifted from the amount of fines to whether the firm can continue business operations. Moreover, penalties are not only imposed on branch offices, but the company headquarters also bear responsibility. In addition, the Futures Industry Association has concurrently initiated self-discipline penalties, adding disciplinary measures at the industry self-regulation level, forming a regulatory framework of both administrative supervision and association self-discipline. It is worth noting that intermediary business has become a major area of punishment in the first half of this year.