Citigroup Global Markets Asia Limited 花旗環球金融亞洲有限公司
SFC bans Citigroup Global Markets' former Responsible Officer Philip John Shaw for 10 years
| Statement of Disciplinary Action
SFC, 6-Mar-2023
"Shaw had, through his misconduct, engendered a culture of chasing revenue at the expense of client interests and basic standards of honesty within CGMAL."
SFC, 6-Mar-2023
"Shaw had, through his misconduct, engendered a culture of chasing revenue at the expense of client interests and basic standards of honesty within CGMAL."
SFC fines Citigroup Global Markets Asia Ltd HK$348.25m for serious regulatory failures over client facilitation activities
| Statement of Disciplinary Action
SFC, 28-Jan-2022
We note that Benjamin Neil Valentine, former Head of Pan Asia Electronic Execution and an RO, ceased to be an RO of Citi on 29-May-2021.
SFC, 28-Jan-2022
We note that Benjamin Neil Valentine, former Head of Pan Asia Electronic Execution and an RO, ceased to be an RO of Citi on 29-May-2021.
SFC fines Citigroup HK$57m for Real Gold (0246) sponsor failures
SFC, 17-May-2018
Well that took a while. Over 9 years after the IPO, and with the stock about to celebrate its 7th anniversary of being suspended, a settlement is reached with the sponsor. Not one that will help investors though - there does not appear to be any admission of liability by Citgroup to investors and even if there were, HK has no class action system.
SFC, 17-May-2018
Well that took a while. Over 9 years after the IPO, and with the stock about to celebrate its 7th anniversary of being suspended, a settlement is reached with the sponsor. Not one that will help investors though - there does not appear to be any admission of liability by Citgroup to investors and even if there were, HK has no class action system.
Judge orders confiscation of HK$111m from ex-warrants trader
ICAC, 7-May-2018
If Raymond Ng Chun To doesn't pay up, his jail sentence will triple from 4.5 to 13.5 years.
ICAC, 7-May-2018
If Raymond Ng Chun To doesn't pay up, his jail sentence will triple from 4.5 to 13.5 years.
SFAT affirms SFC’s decision to ban Ramesh Kumar Chuharmal Sadhwani
SFC, 26-Mar-2012
...but shortens the ban from lifetime to 10 years.
SFC, 26-Mar-2012
...but shortens the ban from lifetime to 10 years.
SFC fines Citigroup HK$6m and suspends former Responsible Officer
| FINRA AWC letter
SFC, 3-Oct-2011
...for failing to detect and then covering up a 5-year Ponzi scheme run by a staff member of the private banking division. Mr X was dismissed for gross misconduct on 16-Feb-2009 and left HK before the SFC could get hold of him. Our database confirms that the only male who left the firm that day is Ramesh Kumar Chuharmal Sadhwani. On 20-Apr-2011 he signed a letter of Acceptance, Waiver and Consent with FINRA in the US to be fined US$5k (if he ever returns to the industry) and to be suspended for 2 years, and not to defend allegations against him there. Interestingly, that letter states that he was terminated from Citigroup on 19-Dec-2008, 2 months earlier than in HK.
SFC, 3-Oct-2011
...for failing to detect and then covering up a 5-year Ponzi scheme run by a staff member of the private banking division. Mr X was dismissed for gross misconduct on 16-Feb-2009 and left HK before the SFC could get hold of him. Our database confirms that the only male who left the firm that day is Ramesh Kumar Chuharmal Sadhwani. On 20-Apr-2011 he signed a letter of Acceptance, Waiver and Consent with FINRA in the US to be fined US$5k (if he ever returns to the industry) and to be suspended for 2 years, and not to defend allegations against him there. Interestingly, that letter states that he was terminated from Citigroup on 19-Dec-2008, 2 months earlier than in HK.
SFC reprimands Salomon Brothers Hong Kong Ltd for unregistered staff and mis-selling CMOs
SFC, 28-Feb-1997
SFC, 28-Feb-1997
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