April 20, 2020 BY Steffy Bogdanova
BOCOM International Securities to pay $19.6 million fine for internal control failures
The SFC found that third party deposits from 2009, 2011 and 2015, made in cheques and bank transfers, were not identified until 2016. The Commission also found extensive deficiencies in its review of BISL’s margin lending and margin call policy from December 2012 to November 2016. The company failed to document and enforce a clear…
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