UBS has been fined HK$400 million (US$51 million) by Hong Kong’s SFC due to spread overcharges that has affected some 5,000 client accounts and 28,700 transactions between 2008 to 2017. The SFC’s investigation, which was prompted by a self-report from UBS, found that some client advisors and client advisor assistants in UBS’s wealth management division overcharged clients when conducting bond…
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].
Subscriber Only Content
This article is available on a corporate subscription with Asian Private Banker. Please login or subscribe to view this content.
Need help? Please see our FAQ Guide or email [email protected]