October 20, 2016 BY Valentina Kirilova
SFC reprimands and fines two JP Morgan entities HK$5.6 million for regulatory breaches
The Securities and Futures Commission (SFC) has reprimanded J.P. Morgan Securities (Asia Pacific) Limited (JPMSAP) and JPMorgan Chase Bank, National Association (JPMCB), and fined them $3 million and $2.6 million respectively for regulatory breaches including disclosure failures in research reports and offering offshore listed index options without the required licences. The SFC’s investigations into the…
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