HK regulator fines Deutsche Securities Asia

News

Hong Kong's Securities and Futures Commission (SFC) in December reprimanded Deutsche Securities Asia and fined it HK$6 million ($774,000) for lacking adequate systems for facilitation trading.

An SFC investigation into the bank's services to institutional clients through its facilitation trading desk found that, from May 2001 to September 30, 2005, Deutsche Securities Asia failed to put in place an adequate system to identify and resolve potential conflicts of interest arising from commingled pro

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