A broking unit of HSBC has been fined by the SFC, less than a year after a record HK$400 million was slapped on its private banking unit last November. Photo: AFP

Hong Kong’s SFC fines HSBC arm US$1.2 million for misconduct in bond sales

HSBC Broking Securities has failed to conduct sufficient due diligence on bond products before recommending to customers in 2015 and 2016

Topic |   SFC

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A broking unit of HSBC has been fined by the SFC, less than a year after a record HK$400 million was slapped on its private banking unit last November. Photo: AFP
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