SFC fines Merrill over sale of index-linked notes in 2007

May 12, 2011

The regulator says Merrill failed to assess the objectives of investors. It also fines Core Pacific-Yamaichi International (HK) over the sale of Lehman-related structured products.

Hong Kong’s Securities and Futures Commission (SFC) has reprimanded Merrill Lynch Asia-Pacific and fined it HK$3 million ($386,000) over the sale of index-linked notes in 2007.

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