Hong Kong regulator hands HK$6.4m fine to Convoy AM

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Hong Kong's regulator, the Securities and Futures Commission (SFC) has fined Convoy Asset Management HK$6.4m for 'control failures' in solicitation and recommendation of bonds to clients. The SFC said in a statement that Convoy's due diligence on the products was "inadequate." The regulator ruled that Convoyreferred clients to a third party platform between 2015 and 2017 to execute 30 transactions of bonds listed under Chapter 37 of the Main Board Listing Rules, some of which involved s...

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Author spotlight

Christopher Copper-Ind

Christopher Copper-Ind is editor-in-chief of International Investment. Before this, he was editorial director of The Business Year, from 2014 to 2017.