Skip to content
Brand AI

Founder BEA Trust

Controversies

Controversies tied to this brand in public sources. A listing is not a finding of fault.

Back to profile1 entries

  1. 2022

    Shenzhen regulator warns Founder BEA Capital, private fund manager tied to Founder BEA Trust, over multiple violations; fund overdue and unliquidated

    Shenzhen Founder BEA Capital, affiliated with Founder BEA Trust (later renamed Guotong Trust), was issued a warning letter by the Shenzhen Securities Regulatory Bureau for violations involving private fund investor suitability, information disclosure and material retention; then-general manager Li Hong was also warned, and the company already had an overdue fund that had not been liquidated. Previously, interest on its "Pengxin No. 5" Nanjing Construction fund was not paid at maturity; Guotong Trust said the relevant equity was held on behalf of others and that it bore no repayment responsibility. Status: regulatory measure. Entities: Shenzhen Founder BEA Capital Management Co., Ltd., Guotong Trust Co., Ltd. Scope: violations by an affiliated private fund institution.

    Source