客户交易结算资金俗称“保证金”，前些年屡遭证券经营机构挪用。当时券商没有合法融资渠道，守法经营的意识薄弱，客户交易结算资金的存管体制也存在漏洞。九十年代早期我国证券市场由于投资者少、资金量小，所以客户把资金存入券商处，由券商直接管理客户交易结算资金。随着 Customer transaction settlement funds commonly known as “margin”, a few years ago repeatedly misappropriated by securities companies. At that time, brokers did not have legal financing channels, and the awareness of law-abiding operators was weak. There were also loopholes in the deposit-taking system of customer transaction settlement funds. In the early nineties of the stock market in our country, there were few investors and a small amount of funds. Therefore, the clients deposited the funds in the brokerage office, and the brokerage managed the settlement of the client’s transaction funds directly. along with