Hong Kong fines Credit Suisse $5 million for regulatory breaches
Posted On: Feb. 9, 2018 4:55 AM CSTHong Kong's securities regulator the Securities and Futures Commission has fined the local units of Swiss financial services firm Credit Suisse Group A.G. $5 million for internal control failures that resulted in regulatory breaches, Reuters reported. The commission said that the breaches included failures in separating client securities, reporting direct business transactions and complying with short selling requirements. The breaches took place between 2010 and 2016.