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SFC fines EFG Bank for dealing futures without license

LATEST NEWS By Kate Lin, 12 Jan 18 The Hong Kong operation of EFG Bank, a subsidiary of Swiss private bank EFG International, was fined HK$2m ($260,000) for dealing in futures contracts for 13 years without a required license. The Securities and Futures Commission (SFC) has found that EFG Bank executed non-compliance trading of offshore-listed index options for...