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HSBC PB case will lead to greater emphasis on multiple complaints

The “record breaking” fine received by HSBC Private Bank (Suisse) SA Hong Kong may increase the emphasis on how to resolve disputes involving multiple clients, as the sheer number of complaints can act as a multiplier for the amount of fine, a lawyer tells Asian Private Banker. Hong Kong’s Securities and Futures Appeals Tribunal (SFAT) issued a ruling on HSBC…

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