DRAFT LEGISLATION LOOKS TO REGULATE THE BROKER SYSTEM

October 15, 2008 | BY

clpstaff &clp articles

China Securities Regulatory Commission has announced draft regulations on brokers to further supervise and regulate their activities in the stock market.…

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China Securities Regulatory Commission has announced draft regulations on brokers to further supervise and regulate their activities in the stock market.

According to the Commission, the new regulations would prohibit brokers from manipulating customers' accounts or providing investment counselling to clients.