They allegedly obtained A$2.5m by misleading investors
Category: Regulation
Singapore creates roadmap for sovereign green bonds
The lion city plans to issue up to S$35bn ($25.4bn) in green financing by 2030.
Hong Kong regulator warns investors about NFTs
Firms are reminded about licensing rules when marketing the asset as part of a collective investment scheme.
China banks fined for breaking asset management rules
Bank of China and Everbright Bank were charged for violations in their wealth management units.
Singapore advisers told to improve standards and conduct
The regulator looks to build greater trust in the sector.
Hong Kong regulator bans ex-BNP Paribas WM employee
After he ‘operated a client account discretionarily without obtaining written authorisation’.
MAS bans DBS wealth manager for fraud
Loh Thim Mun Marcus was found to have transferred clients’ money to his personal account.
Trio banned by Hong Kong regulator
After they used false certificates to prove they had minimum requirements to apply to be insurance agents.
Hong Kong brokerages are set to join the WMC
Brokerages will compete with 23 eligible banks in Hong Kong for southbound services under the cross-boundary Wealth Management Connect.
