All Entries in the "Merrill Lynch" Category
Former Merrill MD Banned For Life by HK SFC For Manipulating Options
The Hong Kong Securities and Futures Commission (HKSFC) banned Jugurtha Harchaoui for life from the financial industry for his role in manipulating an exotic options book Merril Lynch carried in Asia. During a one year period from December 2007 to December 2008 he changed the volatility values in the firms pricing model to inflate the [...]
CS, Merrill and Newedge Participate in Nighttime Trading of K200 Future
Since the Korea Exchange (KRX) has diversified the order routing methods for the nighttime trading of KOSPI 200 Futures on CME Globex on June 7, 2010, the several foreign securities companies operating the branch office in Korea have made the decision to participate in the nighttime trade of KOSPI 200 Futures. For instance, the Seoul [...]
HK SFC Fines Two Merrill Lynch Entities $3.5 Million for Systems and Controls Failings
The Securities and Futures Commission (SFC) has fined Merrill Lynch (Asia Pacific) Limited and Merrill Lynch Futures (Hong Kong) Limited (collectively Merrill Lynch) $3,500,000 for systems and controls failings associated with the mis-marking activities in a trading book. The SFC’s investigation found that during the period from December 2007 to October 2008, a managing director [...]
