January 26, 2017 BY Valentina Kirilova

SFC reprimands and fines North Sea Securities Limited $700,000

The Securities and Futures Commission (SFC) has reprimanded North Sea Securities Limited and fined it $700,000 for failing to put in place proper controls to monitor and supervise employee dealings, in breach of the Code of Conduct. The SFC found that from 4 to 27 December 2013, there were 25 cross trades between four accounts…

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