Newsletter – June 2018
- SFC reprimands and fines Hang Seng Investment Management Limited HK$3 million for regulatory breaches over funds’ cash management
- SFC reprimands and fines Lau Ki Fung HK$80,000
1. SFC reprimands and fines Hang Seng Investment Management Limited HK$3 million for regulatory breaches over funds’ cash management
On 31 May 2018, the SFC has reprimanded and fined Hang Seng Investment Management Limited HK$3 million for its failure to comply with regulatory requirements on cash management involving SFC-authorized funds.
For more details, please refer to:
For a copy of the Statement of Disciplinary Action, please refer to:
2. SFC reprimands and fines Lau Ki Fung HK$80,000
On 12 June 2018, the SFC has reprimanded Mr. Lau Ki Fung, a former account executive of KGI Asia Limited, and fined him HK$80,000 for failing to keep proper records of order instructions from clients.
For more details, please refer to:
For a copy of the Statement of Disciplinary Action, please refer to:
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