Hong Kong’s Securities And Futures Commission Reprimands And Fines UBS Securities Asia Limited $4.5 Million In Relation To Facilitation Trading Activities

The Securities and Futures Commission (SFC) has reprimanded and fined UBS Securities Asia Limited (UBS Securities) $4.5 million for failing to put in place effective controls to record transactions and client consents in relation to its facilitation trading activities (Notes 1 & 2).