China punishes six brokerages for margin trading violations-regulator

April 4, 2015 8:28 AM

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SHANGHAI, April 4 (Reuters) - China's securities regulator has punished six brokerages, including Great Wall Securities Co Ltd and Huatai Securities Co Ltd, for violating rules in their margin trading businesses, a spokesman for the watchdog has said.

The sanctions follow an investigation into the margin trading business of 46 brokerages, launched earlier this year by the China Securities Regulatory Commission (CSRC), that spooked investors and dragged down the market.

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