Source: Tech – South China Morning PostChina’s securities regulator has penalised Tiger Brokers and Futu Securities International for illegally offering domestic investors access to overseas securities trading, in a move to clean up market disorder and crack down on illicit outflows.
The two brokerages, along with Long Bridge Securities, would have their ill-gotten gains confiscated and face further punishments, the China Securities Regulatory Commission (CSRC) said in a statement on Friday.
The three companies promoted securities…Read More