Two former staff of the bank have been banned from the industry for life in Hong Kong following convictions for fraud related to the sale of unit trust funds.
Tag : fraud
Shanghai has followed Beijing in halting new registrations of investment firms after the closure and investigation of Wealthroll Asset Management for alleged illegal fundraising.
The city's securities regulator has won orders against three entities suspected of alleged fraud, while separately two solicitors are found to have carried out insider dealing.
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Ho Wing Kin had misappropriated around HK$1.3 million from customers’ accounts.
Allegations that Goldman Sachs created a product to favour a hedge-fund client may have unfortunate repercussions for the hedge-fund industry, insofar as hedgies may now appear to be a 'historical root cause' of the crisis.
Are MPF service providers playing dirty? they are, according to the HKRSA.