SFC fines CIC Investor Services for failures

Nov 14, 2012

The French firm did not comply with regulations on treating clients as professional investors nor keeping adequate records of investment advice to customers between 2004 and 2010.

SFC fines CIC Investor Services for failures

Hong Kong's Securities and Futures Commission (SFC) has reprimanded CIC Investor Services and fined it HK$4 million ($516,000) for failing to comply with regulations on treating clients as professional investors and keeping adequate records of investment advice to clients.

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