SFC bans Ha Po Kwan, ex-Primas Asset Management Ltd, for 12 months
SFC
SFC, 17-Jun-2024
For doctoring product sheets for Credit Suisse accumulator contracts (yes, those are still a thing).
機構
人物
主題
Credit Suisse fined HK$2.1m for software cock-up causing 8,042 bad option trades
SFC
SFC, 09-Nov-2020
The SDA reveals that a latent bug was introduced into Mercury Direct, the firm's market-making software, in 2013, causing it on 28-Feb-2019 to send options quotes priced for March 2019 but tagged as March 2020. Given the time value of options, these were underpriced and were quickly snapped up by the market, until 7,837 of them were cancelled. The 205 honoured trades caused the firm a loss of US$307k.
機構
SFC fines Credit Suisse HK$2.8m for disclosure omissions in research reports
SFC, 19-Jun-2019
That's the multi-page blurb on conflicts at the back of each report that nobody reads anyway - it took them 10 years to notice the omissions.
機構
Li Wing Sang, ex-Chairman of Tech Pro Technology (3823) declared bankrupt
HK Court of First Instance, 12-Apr-2019
機構
人物
SFC fines Credit Suisse HK$39.3m for years of regulatory breaches
SFC, 08-Feb-2018
Among other things, the firm settled its own sales using clients' securities on 843 occasions from 2010-2016, made 94 naked short sales, and failed to report over 1200 (weekly) short positions between Jun-2012 and Oct-2014.
機構
Financial Penalties Imposed on Credit Suisse and UOB for 1MDB-Related Transactions