SFC Fines Hong-Kong Based Guotai Junan Securities $1.3 million

Moderator: moderators

kreslik.news
rank: 5000+ posts
rank: 5000+ posts
Posts: 5065
Joined: Thu Jan 14, 2016 9:36 am
Reputation: 0
Gender: None specified

SFC Fines Hong-Kong Based Guotai Junan Securities $1.3 million

Postby kreslik.news » Sun May 29, 2016 11:45 am


Hong Kong’s Securities and Futures Commission (SFC) announced today that it has reprimanded and fined Guotai Junan Securities Ltd (Hong Kong) $1.3 million for failing to comply with its regulatory requirements in relation to ascertaining client identity.

The fine followsa further seven figurepenalty which was imposed on Unicorn Securities Company Ltd in March this year, as reported by Finance Magnates.

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

Client Identity Rule

The Client Identity Rule policy stipulates that a licensed person must refuse the business ... (read more)

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

Return to “news”