June 19 (NBD) -- Western Securities Co., Ltd. (002673.SZ) last Friday received a letter of decision on administrative supervision measures from the Shaanxi Securities Regulatory Bureau under the China Securities Regulatory Commission, the securities firm said in an announcement Tuesday. 

According to the letter, due to serious defects in risk control systems and lax internal control, Western Securities was banned by the local regulator from operating stock pledged repurchase business for six months and was also urged to make improvements and hold people accountable.

Email: lansuying@nbd.com.cn