Controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2024
Fullgoal Fund Ordered to Rectify Over Policy Implementation Failures
According to fund interim reports and media reports, Fullgoal Fund was ordered by the Shanghai Securities Regulatory Bureau to rectify because certain rules and policies were not strictly implemented, and its chief compliance officer was issued a warning letter. The specific action was limited to the above internal control issues and should not be taken as evidence that the funds it manages engaged in fraud. Progress: media disclosed the regulatory measures based on the fund interim report. Entity involved: Fullgoal Fund Management Co., Ltd.
2023
Former Fund Manager Wang Ming Barred Over 'Rat Trading'; Researcher Promoted to Fund Manager Four Years After Convergent Trades
The CSRC found that Wang Ming, a former researcher at Fullgoal Fund, used relatives' accounts from February 2009 to May 2013 to conduct convergent trades with five Fullgoal funds on 17 stocks he recommended and profited, harming fund holders' interests; he was still promoted to fund manager in 2014 and left in 2018. In 2023, the CSRC revoked his fund practitioner qualification; during the same period, another star fund manager was penalized for "rat trading," raising questions about Fullgoal Fund's internal controls. Wang Ming was disqualified from fund practice.