SFC fines Quam Securities HK$ 1.3 million for failing to follow KYC procedures

23 May 2011 | 2 minutes read

Demonstrating once again that it takes a serious view of the Know Your Client (KYC) procedures outlined in the Code of Conduct, the Securities and Futures Commission (SFC) has issued a reprimand to Quam Securities Company Limited (QSCL) and its responsible officer, Calvin Chiu Chun Kit for failing to adhere to these procedures. The SFC has fined them $1,000,000 and…

To access this content, please click back to the home screen, then click “Menu” (bars in top left bars) and then “Login”.
To enquire for a free trial, please start here.
Need more help? Click here or email [email protected].

Have a confidential tip? Get in touch [email protected]