Former star bond manager also hit with a penalty.

The first batch of wealth management products is now offered to individual investors in four cities.
China Securities Regulatory Commission has tightened its grip on the nation’s mutual fund market.
The four new platforms will be launched under Project Greenprint, which was announced last December.
The Securities and Futures Commission (SFC) is looking into whether crypto ETFs should be traded on exchanges.
The changes are meant to improve understanding of the risks of complex products.
The Monetary Authority of Singapore (MAS) has hired a new sustainability chief to spearhead a new unit from October.
Companies listed on the exchange will have to make sustainability and diversity disclosures in their annual reports starting in 2023.
Hong Kong’s financial regulator has set out the requirements for funds to integrate climate risk management in their investment processes.
The local central bank branch has “cleaned up” the companies for providing illegal crypto trading activities, according to state-owned media reports.
Part of the Mark Allen Group.