Legal
SFC reprimands and fines UBS Securities Asia Limited $4.5 million in relation to facilitation trading activities
The Securities and Futures Commission (SFC) has reprimanded and fined UBS Securities Asia Limited (UBS Securities) $4.5 million for failing to put in place effective controls to record transactions and client consents in relation to its facilitation trading activities (Notes 1 & 2). In the course of an SFC inspection…
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