UBS has been penalised by the Securities and Futures Commission twice this year. Photo: Bloomberg

UBS fined US$51 million by Hong Kong regulator for systematically overcharging bond clients for nearly 10 years

  • The Swiss bank agrees to fully compensate about 5,000 clients HK$200 million
  • This is second major fine imposed on UBS this year after being penalised fined HK$375 million in March for lapses in its IPO sponsor duty
Topic |   SFC

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UBS has been penalised by the Securities and Futures Commission twice this year. Photo: Bloomberg
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