Tianfeng Securities Co.,Ltd. has been hit by a significant regulatory crackdown. Following a detailed investigation by regulators, the company was found to have engaged in serious irregularities involving fund transactions and failures in information disclosure between 2020 and 2022.
According to the investigation, Tianfeng Securities provided financing support totaling 5.502 billion yuan to its shareholders through various concealed methods. Additionally, the company extended improper financing of 500 million yuan and 300 million yuan to affiliates of different shareholders.
These substantial related-party transactions and non-operational fund usage were not truthfully disclosed in the annual reports for the relevant years. The concealment of such critical information not only misled investors but also breached the integrity principles of the securities market, highlighting severe deficiencies in the company's internal control systems.
In response to these violations, regulators imposed maximum penalties. The two involved institutions were fined a combined 25 million yuan, while nine responsible individuals were fined a total of 34.8 million yuan. Beyond financial sanctions, the company and its subsidiary were suspended from distributing private fund products for two years and barred from establishing new fund products for one year.
Notably, on the same day the penalties were announced, Tianfeng Securities became subject to another investigation by securities regulators for suspected disclosure violations related to shareholding changes in affiliated companies. This rare situation, where a new case emerges immediately after the resolution of a previous one, has escalated the company's compliance crisis to a critical level.
Although the company has stated that its current operations remain normal, consecutive investigations and substantial business restrictions pose serious challenges to its brand reputation and future development. Under tightening regulatory oversight, rebuilding internal control and compliance systems has become an urgent priority for Tianfeng Securities to overcome its difficulties.
Investors who suffered losses due to the disclosure violations are encouraged to pursue legal action to protect their rights. Such efforts not only serve their interests but also contribute to maintaining compliance in the market.
Eligible investors who meet the following criteria may participate in the claim: (1) those who purchased shares between April 28, 2021, and November 28, 2025 (inclusive), and sold them after November 29, 2025, or continued to hold them at a loss; (2) those who purchased shares before February 13, 2026 (inclusive), and sold them after February 14, 2026, or held them at a loss.
