SFC examines IA selling practices

Although not a witchhunt, regulator''s theme inspection points to flaws in the investment advisor market

Hong Kong's Securities and Futures Commission SFC has issued a report designed to enhance industry awareness of standards of investment advisors IAs and to reiterate the code of conduct for the selling of funds in the territory. Entitled the Report on Selling Practices of Licensed Investment Advisers, the SFC conducted a theme inspection of a mixed bag of 15 investment advisors to address the problem of misselling to customers and to study measures to enhance investor protection and industry transparency in the industry.

According to the regulator and the information collected, several key requirements need to be adhered by investment advisors when giving advice to ensure reasonably suitable recommendations on fund...

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222