May 21, 2020 BY Steffy Bogdanova

SFC fines Convoy Asset Management $6.4 million for regulatory breaches over bond recommendation

The SFC found that Convoy Asset Management failed to conduct proper and adequate due diligence on these bonds before making its recommendations. The company did not have effective system in place to ensure that its recommendations was suitable for and reasonable in all the circumstances and failed to maintain proper documentary records of the investment…

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