Hong Kong's Securities And Futures Commission Reprimands And Fines Morgan Stanley Hong Kong Securities Limited $18.5 Million Over Internal Control Failures

The Securities and Futures Commission (SFC) has resolved its concerns with Morgan Stanley Hong Kong Securities Limited (MSHK) over its internal control failures. Under the resolution, the SFC reprimanded and fined MSHK $18.5 million for breaches of the Code of Conduct (Notes 1 & 2).