SFC slaps HSBC for bond sale breaches in Asia

By naming and shaming the biggest bond salesman in the market, HK securities watchdog sends strong message: it won’t tolerate similar misconduct by others. After a record-breaking string of fines it seems the SFC is shrinking is backlog of cases.

The Securities and Futures Commission (SFC) has fined a retail broking unit of HSBC in Asia a hefty HK$9.6 million ($1.22 million) for sloppy sales of bonds.

¬ Haymarket Media Limited. All rights reserved.

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