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Morgan Stanley fined, reprimanded in Hong Kong

Joe Marsh
The US bank’s HK securities business has been hit with sanctions for internal control failures. This reflects the growing regulatory burden, particularly for big firms, says a compliance specialist.
Morgan Stanley fined, reprimanded in Hong Kong

Morgan Stanley’s Hong Kong securities business has been reprimanded and fined HK$18.5 million ($2.4 million) for a series of internal control failures, as banks face a growing list of regulations.

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