JPMorgan Asia Units Fined for Regulatory Breaches in Hong Kong
- Fines total HK$30 million after firm cooperates with probe
- Breaches from 2010 to 2013 included naked short-selling
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JPMorgan Chase & Co. units were fined HK$30 million ($3.9 million) in Hong Kong for regulatory breaches by the firm’s institutional equities business between 2010 and 2013, including breaking a ban on so-called naked short-selling.
Failures connected with principal trading and dark liquidity pool trading also occurred, the Securities and Futures Commission said in a statement on Tuesday.