Is it illegal for funds to sell futures on commission? It is illegal all over the country, and there are many places. In addition to developing the sales of imperial funds, the CSRC has relations with at least five banks. For example, from 2065438 to August 2009, soldiers of Guangfa Bank and Guangzhou Rural Commercial Bank had problems in fund sales and custody business, and were ordered by Guangdong Securities Regulatory Bureau to correct them.