FXCM Asia Limited Draws Another Additional Fine from SFC

[kreslik.news]

Hong Kong’s Securities and Futures Commission (SFC) has issued its latest warning and fine against FXCM Asia Limited, now known as Rakuten Securities Hong Kong Limited. The edict follows after multiple regulatory breaches and internal court failings by the group, prompting a HK$2 million ($256,180), per the latest SFC filing.


The regulatory action reflects SFC’s ongoing agenda to police Hong Kong, which has by and large succeeded in curbing a wide range of illicit activity and abuse this year. Its most recent action against FXCM Asia Limited deals with the under-segregation of client money over ... (read more)