ROYALFLUSH INFO Fund Sales Company Ordered to Rectify

On April 10, the Zhejiang Securities Regulatory Bureau disclosed the "Decision on Taking Measures to Order Rectification Against Zhejiang ROYALFLUSH INFO Fund Sales Co., Ltd." Upon investigation, regulators found that the company had multiple violations in personnel management, business independence, evaluation mechanisms, and product risk assessment. Measures to order rectification were taken, and the incident was recorded in the securities and futures market integrity archives.

Specifically, ROYALFLUSH INFO Fund primarily faces the following five issues: first, the company is commingled with its shareholders, actual controllers, and related parties in terms of personnel and business premises; second, the company failed to include indicators such as the scale of fund sales retention in its evaluation system; third, the company did not conduct prudent investigations and risk assessments on fund managers and fund products, nor did it classify risk levels for some products sold; fourth, the company failed to establish a conflict-of-interest assessment mechanism for private fund sales and did not conduct conflict-of-interest assessments for related fund managers and their products; fifth, some operations staff, customer service personnel, and key account managers worked without the required licenses.