New sheriff in Hong Kong markets hands out fines

The SFC’s new enforcer has been clearing the decks on long-running investigations. That's a wise move — he can now move on to bigger, tough-to-tackle problems.

New sheriff in Hong Kong markets hands out fines

Thomas Atkinson, the head enforcer for the Hong Kong securities watchdog, has been making his presence felt.

Since his appointment on May 3 to the Securities and Futures Commission SFC for a three-year term, he has been naming and shaming banks for breaches and handing out a slew of small fines.

Banks to fall foul of the new sheriff in town include Morgan Stanley, Bank of America Merrill Lynch and most recently...

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