Not only is HSBC Private Bank (Suisse) appealing a HK$605 million (US$78 million) fine —potentially the largest ever handed down by Hong Kong’s securities watchdog — for alleged failures in internal controls and sales practices, but it also faces the prospect of losing its license to advise clients on securities, should the Securities and Futures Commission (SFC) have its way. Legal…
Have a confidential tip? Get in touch [email protected]