UBS AG

SFC fines UBS HK$400m for overcharging 5,000 wealth management clients HK$200m over 10 years
SFC, 11-Nov-2019
Shocking dishonest behaviour in which they pocketed the difference between a limit order price and a better price obtained in the market for bonds and structured notes. UBS was also fined HK$375m in March for its duff IPO sponsorships.
Judge orders confiscation of HK$1.46m bribes from Tu Bing, ex-UBS.
ICAC, 20-Aug-2019
SFC bans Ex-UBS associate director Tu Bing for life
SFC, 5-Aug-2019
SFC fines China Merchants Securities HK$27m for sponsor failures
SFC, 27-May-2019
As we predicted in March when UBS was fined but one of its clients was not named, this relates to the IPO of China Metal Recycling, listed in 2009 and ordered in 2015 to be wound up. The IPO was jointly sponsored by UBS and China Merchants Securities.
SFC fines UBS HK$375m and suspends its sponsor licence for 1 year
SFC, 14-Mar-2019
Over the IPOs of China Forestry in 2009 (now delisted), Tianhe Chemicals (1619) in 2014 and a third as-yet unnamed listing application, which is almost certainly China Metal Recycling (Holdings) Ltd, listed in 2009 and ordered in 2015 to be wound up.
SFC suspends ex-China Merchants Securities RO Wu Yinong for 18 months
SFC, 27-Feb-2019
The firm only sponsored 2 IPOs in 2009, so this almost certainly relates to China Metal Recycling (Holdings) Ltd. In 2015, the SFC obtained a court order to wind it up. The other sponsor was UBS AG. We note that Mr Wu is still an INED of Jiu Rong (2358), a member of the "Enigma Network".
SFC bans Joseph Hsu Kar Hing, ex-Standard Chartered Securities, for 3 years
SFC, 17-Jul-2018
Comment: this probably relates to the China Forestry listing, jointly sponsored with UBS. Mr Hsu abandoned his appeal to the Securities and Futures Appeals Tribunal on 6-Jul-2018. The appeals by the two sponsors are set to be heard in March 2019.
SFC takes former CEO and Chairman of China Forestry (delisted) to Market Misconduct Tribunal
SFC, 28-Jun-2018
SFC fines UBS HK$4.5m in relation to facilitation trading activities
SFC, 21-Mar-2018
Ex-UBS associate director Tu Bing gets 3.5 years for HK$1.46m briberyReasons for sentence (Chinese)
ICAC, 16-Nov-2017
Ex-UBS associate director Tu Bing convicted of HK$1.46m briberyReasons for verdict (Chinese)
ICAC, 27-Oct-2017
The ICAC describes UBS AG Hong Kong Branch as a "foreign" investment bank. We're not sure what point they are trying to make. By the same token HSBC could be described as "foreign" as it is incorporated in the UK with a head office in London. Tu Bing was convicted for fleecing a Shenzhen-based asset management customer for 20% of his trading gains.
Ex-associate director of UBS charged with HK$1.5m bribery
ICAC, 29-Mar-2017
He is alleged to have charged a personal 20% performance fee without his employer's consent
China Money Recycling
A graphic from this week's judgment on China Metal Recycling (0773) seems strangely familiar. (14-Mar-2015)
SFC obtains court order to wind up China Metal Recycling (0773)
SFC, 26-Feb-2015
...and there goes HK$11.09bn of market capitalisation - it will be interesting to see how much of the last reported net assets of $7.10bn (30-Jun-2012) the liquidators are able to find. It's fairly safe to say that the sponsors, UBS and China Merchant Securities, are going to face an investigation by the SFC.
SFC fines Yue Siying, of UBS, HK$400k for negligence
SFC, 4-Nov-2014
SFC fines Winnie Pang Wai Yan of UBS HK$120k for negligence
SFC, 14-Aug-2014
UBS probe to focus on banker's dealings with state firm
South China Morning Post, 19-Apr-2014
Webb-site notes that Helen Yang Lijuan was a licensed representative of Credit Suisse (HK) Ltd from 11-Aug-2009 to 22-Mar-2012. Credit Suisse was the joint sponsor of the re-flotation of China Resources Cement (1313) in a prospectus dated 21-Sep-2009.
China Resources chairman Song Lin investigated for graft after journalist's accusations
South China Morning Post, 17-Apr-2014
UBS orders internal probe as banker is named in affair, graft allegations against state firm chairman
South China Morning Post, 16-Apr-2014
SFC fines UBS HK$1.6m for regulatory breaches
SFC, 21-May-2013
SFC fines three UBS employees HK$1.8m
SFC, 2-Jun-2010
SFC suspends Ms Lillian Liu Yaying for 6 months
SFC, 17-Aug-2009
The other bank was UBS AG.
Secretary for Justice v Li Man Tak, Louis Lin Chak Pui & Adrian Foo Tiang Hock
HK Court of Appeal, 26-Apr-2007

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