January 11, 2018 BY Valentina Kirilova
Hong Kong SFC reprimands and fines EFG Bank AG $2 million
The Securities and Futures Commission (SFC) announced that it has reprimanded and fined EFG Bank AG (EFG Bank) $2 million for dealing in futures contracts without the required registration. The SFC found that between 1 April 2003 and 22 November 2016, EFG Bank executed 139 transactions in offshore listed index options for 11 clients without…
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