SEC
North America | 26 Nov 14
hsbc fined for illegally advising us clients
HSBC’s Swiss private bank was fined $12.5m (£8m, 10m) yesterday for offering services to US clients without being properly registered.
ASEAN cross-border framework launched
The ASEAN collective investment scheme framework (CIS) has been launched, allowing investors in Singapore, Malaysia and Thailand access to cross-border financial products.
Mekong countries agree on capital market
Thailand and other Mekong region countries have agreed a deal which will pave the way for increased capital market cooperation, with a view to boosting economic growth across the region.
Thailand offers more channels for mf distribution
Thailand is introducing an additional mutual fund distribution channel and has allowed state-owned non-bank companies to act as agents.
Barclays accused of fraud and deceit
The New York Attorney General is suing Barclays over the operation of its so-called dark pool electronic trading division, alleging that investors were left exposed to predatory trading practices.