Hong Kong’s market regulator to come down hard on misconduct, steps up oversight of underwriters

//Hong Kong’s market regulator to come down hard on misconduct, steps up oversight of underwriters

Hong Kong’s market regulator to come down hard on misconduct, steps up oversight of underwriters

Hong Kong’s securities regulator is stepping up supervision of underwriters as it cracks down on misconduct during IPOs and bond sales to improve overall market quality, a top official said.The SFC has already been cracking the whip on market irregularities, imposing fines of more than HK$900 million (US$115 million) on eight sponsors and three key staff of investment banks over the past 30 months. This includes a record HK$786.7 million slapped on UBS, Morgan Stanley, Merrill Lynch and…

Article by [author-name] (c) South China Morning Post - Read full story here.

By | 2019-10-21T13:58:19+00:00 October 21st, 2019|Business|Comments Off on Hong Kong’s market regulator to come down hard on misconduct, steps up oversight of underwriters