March 24, 2017 BY Valentina Kirilova
SFC fines Merrill Lynch Far East Limited & Merrill Lynch Limited $15 million over internal control failures
The Securities and Futures Commission (SFC) has resolved its concerns with Merrill Lynch Far East Limited (MLFE) and Merrill Lynch (Asia Pacific) Limited (MLAP) over internal control failures. Under the resolution, the SFC reprimanded and fined them a total of $15 million for breaches of the Code of Conduct and the Internal Control Guidelines. In…
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