The Securities and Futures Commission (SFC) has issued a reprimand to Core Pacific-Yamaichi International (CPYI) in respect to its internal systems and controls relating to Lehman Brothers-related structured products. The investigation of the SFC raised a number of concerns relating to adequacy of product due diligence on Lehman Brothers-related structured products before they were sold to clients, adequacy of training…
Have a confidential tip? Get in touch [email protected]