Long Bridge Securities Responds to CSRC Investigation on May 22, Confirms Client Fund Segregation

According to BlockBeats, on May 22, the China Securities Regulatory Commission (CSRC) launched an investigation into Long Bridge Securities and related entities, with the brokerage announcing plans for administrative penalties. Long Bridge responded that its regulated entities are subject to oversight by the Hong Kong Securities and Futures Commission and other foreign regulators.

The company emphasized that client assets are completely segregated from operating funds and held in independent custody accounts with banks. U.S. and Hong Kong stocks are held by the Depository Trust & Clearing Corporation (DTCC) and Hong Kong Central Clearing and Settlement Limited (HKSCC) respectively, while benefiting from Hong Kong's Investors' Compensation Fund protection. Long Bridge committed to strictly implementing all remedial requirements and advancing related arrangements in compliance with regulations.