Before the arrests, the regulator froze 63 securities accounts holding HK$860m ($110.7m).
Tag: enforcement
China hands death penalty to former Huarong AM chairman
He was convicted of graft, corruption and bigamy.
MAS fines increase by 68%
Products mis-selling, breaches of business conduct rules and serious impropriety most investigated.
SFC bans ex-Citic RM for life
A former relationship manager at Citic lied about an additional sum they had to pay the bank for opening accounts.
Unlicensed manager sentenced to community service
Previous unlicensed individuals in Hong Kong were also convicted, but were slapped with fines.
MAS bans six advisers
A client was defrauded from his unit trust investment, as the adviser knew the victim was not going to be in Singapore for a considerable period of time.
SFC bans former UBS director for life
As a manager of investment portfolios for clients in Hong Kong, he was convicted of accepting illegal commission payments.
Ex-Goldman exec banned for life in HK
For involvement in the 1MDB scandal, Tim Leissner also has a lifetime prohibition on entering Singapore’s financial industry.
SFC fines up 200% this year
The fines have increased in 2018 as a result of the regulator’s focus on “more serious matters”, according to enforcement chief Thomas Atkinson.
In case you missed it (26 January 2018)
Eastspring poaches multi-asset exec from BNPP AM; Hermes IM expands emerging markets team; Japan’s GPIF may use AI for asset management; Australia’s ETF assets hit record high; private banks and family offices to increase alts exposure; SFC bans ex-DBS investment counsellor for transferring client data out of the bank; and more…
