Be punished. On May 3rd, 2022, Sichuan Securities Regulatory Bureau issued the administrative punishment decision of Sichuan Supervision Bureau of China Securities Regulatory Commission. It is found that Sichuan William Hamm Equity Investment Fund Management Co., Ltd. (hereinafter referred to as William Hamm) has four illegal facts, such as not strictly fulfilling the procedures for identifying qualified investors, raising funds from unqualified investors, failing to fill in and regularly update relevant information as required, and failing to properly save relevant information. He was given a warning and fined120,000 yuan.