Hong Kong
scams rife in hong kong scmp reports
Financial scams are on the rise in Hong Kong, the South China Morning Post is reporting, in a story which quotes deVere chief executive Nigel Green on what he calls “hard to fathom carbon credits” being sold “to vulnerable consumers”.
Tax & Regulation | 18 Sep 12
ernst and young fined in dubai and facing
International accountancy firm Ernst & Young has been fined by the Dubai Financial Services Authority, while it is also facing action from the Securities and Futures Commission of Hong Kong.
hk regulator in legal action against big fours
Hong Kongs Securities & Futures Commission has taken legal action against the Hong Kong arm of UK-based Big Four accounting firm Ernst & Young, for failing to produce key accounting records of a mainland company that had sought a stock market listing in Hong Kong three years ago.
regulation severity cuts off ifa choice
Tightening regulation is restricting the investment choice financial advisers in Hong Kong are able to offer their clients and stifling their ability to do business, according to IFAs based in the territory.
merrill lynch fined hk3 5m for regulatory failings
Global banking giant Merrill Lynch has been fined HK$3.5m ($450,000, £290,000) by the Hong Kong financial regulator over a fraud committed by one of its former employees.