Received more than 200 fines in the first half of the year, industry insiders: the compliance and risk control capabilities of securities firms need to be improved.

Data shows that in the first half of 2025, a total of 64 securities firms received more than 200 regulatory fines, with multiple fines for one case and heavy penalties. The regulatory ecosystem of punishment that penetrates through all levels and the entire chain has gradually formed. Reporters found that violations of stock trading by practitioners persist, and violations in investment banking business are still frequent. In the eyes of industry insiders, regulatory authorities maintain a high-pressure stance on various illegal and irregular behaviors, aiming to uphold the healthy development of the capital market. Against the backdrop of strict supervision, securities firms urgently need to enhance their own compliance and risk control capabilities.