July 10, 2018 BY Valentina Kirilova
Citigroup Global Markets Asia Ltd fined $4 million for alternative liquidity pool failures
The Hong Kong Securities and Futures Commission (SFC) has just announced that it has reprimanded and fined Citigroup Global Markets Asia Limited (CGMAL) $4 million over CGMAL’s regulatory breaches in relation to the operations of its alternative liquidity pool (ALP). The disciplinary action followed an SFC investigation on CGMAL, which found that the operations of…
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