Sun Hung Kai unit fined over buy order

Apr 22, 2013

Sun Hung Kai Investment Services must pay HK$1.5 million after internal control failures. Separately, a retail investor is imprisoned for falsely trading shares of Kaisa Group.

Hong Kong's securities regulator has reprimanded Sun Hung Kai Investment Services (SHKIS) and fined it HK$1.5 million for internal control failures relating to an erroneous buy order for 2 billion shares of China Life Insurance.

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