SFC found that Merrill Lynch held 14,181 contracts in the Hang Seng China Enterprises Index, well above the limit of 12,000. Photo: Bloomberg
SFC found that Merrill Lynch held 14,181 contracts in the Hang Seng China Enterprises Index, well above the limit of 12,000. Photo: Bloomberg
Regulation

Hong Kong securities watchdog fines Merrill Lynch HK$2 million

Watchdog reprimands bank unit for regulatory breaches and insufficient internal controls

SFC found that Merrill Lynch held 14,181 contracts in the Hang Seng China Enterprises Index, well above the limit of 12,000. Photo: Bloomberg
SFC found that Merrill Lynch held 14,181 contracts in the Hang Seng China Enterprises Index, well above the limit of 12,000. Photo: Bloomberg
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