Swiss-Asia AM fined HK$3m for regulatory breaches

The Hong Kong Securities and Futures Commission has fined Swiss-Asia Asset Management (HK) HK$3m (£332,040, $382,170, €381,000) for internal control failings and breaches of financial regulation. The asset manager failed to monitor trading activities in discretionary accounts and to keep records, the SFC said. The disciplinary action followed an investigation…