Hong Kong SFC fines Hantec HK$4 million
The regulator has resolved compliance breaches with the leveraged FX trading firm, following complaints dating back to 2000.
Hong Kong's securities regulator has resolved compliance issues with leveraged foreign-exchange trader Hantec International (HI) by reprimanding the firm and fining it HK$4 million, while Hantec Investment Consultant (HIC) has voluntarily surrendered its licence.
The two firms are currently known as Cinda International FX and Cinda International Investment Consultant, respectively.
The Securities and Futures Commission (SFC) found that, in 2004 and 2005, HI: failed to adequately super…
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