Sun Hung Kai agrees to US$11m Minibond buyback after SFC concerns
The decision follows an investigation by the SFC which raised a number of concerns with Sun Hung Kai, including the adequacy of product due diligence on the products before they were distributed to eligible clients; the adequacy of training given to Sun Hung Kai retail sales staff on the products to enable them to understand the product and all its material risks; and the assessment of the level of risk for each particular series of Minibonds.
"Sun Hung Kai has not admitted any liability or
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