The presence of this additional risk leads to the consideration of guaranty funds.

认为是保障基金制度引发了股东的“道德风险”是不妥当的。

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To fail to draw and deposit guaranty funds or use guaranty funds in violation of the regulations;

未按照规定提存保证金或者违反规定动用保证金的；

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Neither a securities company nor a settlement company shall provide guaranty to others with clients' transaction settlement funds or settlement cover.

证券公司和结算公司不得以客户交易结算资金、清算备付金为他人提供担保。

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