Sun will not be sentenced. As the actual controller and general manager of assets, Sun failed to perform relevant duties and obligations cautiously and diligently, and set up several branches to raise funds from unqualified investors for the purpose of raising funds from assets; Some managed private equity funds have not gone through the fund filing procedures in China Asset Management Association; Mainly responsible for the fund pool business with the characteristics of rolling issuance, collective operation, maturity mismatch and separate pricing, which violates the relevant provisions of the Interim Measures for the Supervision and Administration of Private Investment Funds. According to the relevant regulations, Zhejiang Securities Regulatory Bureau decided to issue a warning letter to Sun and record it in the integrity file of the securities and futures market.