[Bright Smart Securities Responds to HK SFC's HK$2.8 Million Fine: Sincerely Accepts the Penalty Decision] According to a report by Golden Finance on July 27, citing Hong Kong Commercial Daily, the Hong Kong Securities and Futures Commission (SFC) reprimanded Bright Smart Securities (Hong Kong) Limited and imposed a fine of HK$2.8 million. The penalty was due to the company's failure to implement adequate and effective internal control procedures to monitor and detect wash trading conducted by its clients. Bright Smart Securities responded by stating that it sincerely accepts the penalty decision and had fully completed the rectification by September 2025. Currently, all internal control technologies comply with regulatory requirements. The incident does not involve technical security issues and does not affect any clients' normal trading or fund security.