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Can CSRC punish securities retirees?
Yes, the CSRC can punish securities retirees. The CSRC is a securities supervision bureau and a state organ.

The main responsibilities are: to implement the relevant national laws, regulations, principles and policies, and supervise and manage the securities and futures business activities of listed companies, unlisted public companies, securities and futures fund operating institutions, private equity funds, securities investment consulting institutions and intermediaries with securities and futures-related business licenses in accordance with the provisions of the China Securities Regulatory Commission.