SFC reprimands and fines Value Partners $4 million LeapRate

January 25, 2017 BY Valentina Kirilova

SFC reprimands and fines Value Partners $4 million

The Securities and Futures Commission (SFC) has reprimanded Value Partners Limited (VPL) and Value Partners Hong Kong Limited (VPHKL) (collectively, Value Partners), and fined them $2 million respectively for failures to comply with the regulatory requirements in managing two SFC-authorized funds. The SFC found that the two funds, namely, Value Partners China Greenchip Fund Limited…

January 03, 2017 BY Valentina Kirilova

SFC reprimands and fines MIS Services Limited $3 million for regulatory breaches

The Securities and Futures Commission (SFC) has reprimanded and fined MIS Services Limited (formerly known as Standard Chartered Investment Services Limited) (SCIS) $3 million for its failure to comply with regulatory requirements under the SFC Code on MPF Products (MPF Code) and Fund Manager Code of Conduct. An SFC investigation found that SCIS failed to…

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…

Tag: SFC fines