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SFC fines Black Marble Securities Ltd HK$1.8m for internal control failings and regulatory breaches The firm is owned by Lerado Financial (1225), part of the Enigma Network. Further information Issue date: 2021-03-31 17:31:24 The Securities and Futures Commission (SFC) has reprimanded and fined Black Marble Securities Limited (Black Marble Securities) $1.8 million for internal control failings and breaches of the SFC’s Code of Conduct (Notes 1 & 2). The disciplinary action follows an SFC investigation after receiving Black Marble Securities’ report of a client complaint against one of its...

To print this article, all you need is to be registered or login on Mondaq.com. The SFC Enforcement Division is responsible for addressing wrongdoing in the securities and futures markets in Hong Kong. Apart from conducting market surveillance to detect possible wrongdoing, it takes action, known in the market as SFC enforcement action, to ascertain whether such wrongdoing merits prosecution. SFC enforcement action may comprise SFC investigations, SFC disciplinary proceedings, MMT proceedings, criminal proceedings as well as civil proceedings intended to protect the in...