August 24, 2016 BY Valentina Kirilova
SFC reprimands and fines Morgan Stanley Hong Kong Securities Ltd $18.5 million over internal control failures
The Securities and Futures Commission (SFC) has resolved its concerns with Morgan Stanley Hong Kong Securities Limited (MSHK) over its internal control failures. Under the resolution, the SFC reprimanded and fined MSHK $18.5 million for breaches of the Code of Conduct. The internal control failures of MSHK related to avoidance of conflicts of interest; comprehensive…
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