Longbridge Securities Responds to Cross-Border Securities Regulatory Requirements on May 23

GateNews
According to BlockBeats, Longbridge Securities responded to cross-border securities regulatory requirements from Hong Kong and mainland China regulators on May 23, advancing its compliance efforts. The firm will strictly adhere to the new rules and actively support the regulators' zero-tolerance approach toward fraudulent account openings. The account cleanup scope is limited and targets two categories: accounts opened with suspicious or forged documents, and dormant accounts with zero balances. Compliant customer accounts with genuine assets and holdings are not affected.
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