Four securities firms receive penalties in quick succession; two employees of Guosheng Securities were fined and had 2.54 million yuan confiscated for illegally participating in stock and bond subscriptions.

Recently, multiple penalty notices involving CITIC Securities, Shengang Securities, Guosheng Securities, and Xiangcai Securities have been disclosed in quick succession. Among them, Guosheng and Xiangcai were both suspended from opening new securities accounts for 3 months, and two former heads of Guosheng branches were additionally penalized for illegally holding and trading securities. The relevant penalty notices for CITIC and Shengang respectively involve issues such as employees selling products not distributed by the company and branch management.