Hong Kong fines Merrill for trading errors

The Securities and Futures Commission imposes a penalty of HK$3.5 million for mis-marking.

Hong Kong's Securities and Futures Commission (SFC) has fined Merrill Lynch (Asia Pacific) Limited and Merrill Lynch Futures (Hong Kong) Limited HK$3.5 million ($450,000) for systems and controls failings associated with mis-marking activities in a trading book.

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