Hong Kong’s SFC Fines SynerWealth Financial Ltd $2.7 Million

Moderator: moderators

rank: 10000+ posts
rank: 10000+ posts
Posts: 11544
Joined: Thu Jan 14, 2016 9:36 am
Reputation: 2
Gender: None specified

Hong Kong’s SFC Fines SynerWealth Financial Ltd $2.7 Million

Postby kreslik.news » Mon May 30, 2016 10:51 am

Hong Kong’s Securities and Futures Commission (SFC) announced today that it has fined SynerWealth Financial Ltd $2.7 million for internal control failures relating to short selling orders and for not reporting the deficiencies of its trading system to the SFC in a timely manner.

The latest fine comes just a day after the SFC reprimanded and fined another firm, Guotai Junan Securities Ltd (Hong Kong), $1.3 million for failing to comply with its regulatory requirements.

The new world of online trading, fintech and marketing – register now for the Finance Magnates Tel Aviv Conference, June 29th 2016.

[size=180][b]Ineffective Internal Control ... (read more)

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.

Return to “news”