UPDATE 1-China regulator asks East Money to take measures after breakdown

Kitco Media
By Reuters
Published:
Updated:
Reuters
(Adds East Money response, paragraph 4) SHANGHAI, March 31 (Reuters) - China's securities regulator on Friday asked East Money Information Co to take rectification measures after the online securities broker's trading system broke down on March 21. East Money should investigate the matter, properly handle investor appeals and strengthen its information system to ensure its safe and smooth operation, the China Securities Regulatory Commission's (CSRC) Tibet bureau said in a statement. East Money should complete the rectification work within three months and submit a report, the regulator added. East Money said in a statement that it would take corrective measures in line with requirements and submit the report in time. (Reporting by Shanghai Newsroom; editing by Jason Neely)

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.