SFC fines Manulife AM for ‘serious deficiencies’

Mar 4, 2013

The regulator fines the firm $3 million for inadequate customer profiling in the distribution of a fund from 2007 to 2012. Separately, it bans a former Morgan Stanley Asia banker for life.

SFC fines Manulife AM for ‘serious deficiencies’

Manulife Asset Management (HK) has been reprimanded and fined $3 million by the city’s securities regulator for inadequate internal controls in the distribution of a fund.

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