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No further action in actress vs HSBC case: Sebi

Georgina Lee
The Indian regulator found excessive churning of funds managed by the bank in a complainant's portfolio, but said no further action would be taken as a settlement had been reached.
No further action in actress vs HSBC case: Sebi

India’s securities regulator has said it will take no further action against HSBC over a complaint filed by an actress who alleged the bank had mismanaged her portfolio, despite concluding there had been “excessive churning” of her investments.

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