The Financial Times reports that Hong Kong’s Securities and Futures Commission wants new rules that would make investment banks criminally responsible for misrepresentations made by firms they help go public.
The Financial Times reports that Hong Kong’s Securities and Futures Commission wants new rules that would make investment banks criminally responsible for misrepresentations made by firms they help go public.
“Under the plan – which requires approval by Hong Kong’s legislature – liability would depend on whether a sponsor ‘knowingly or recklessly approved a prospectus containing an untrue statement, which was materially adverse’ for investors,” the report says.
Almost all the gains were in the historically volatile education sector, economist explains
This sustained strength makes it likelier that the Federal Reserve will raise its key rate again before year's end
Higher borrowing costs could lead Federal Reserve to forgo another hike
Exports of gold and crude oil helped drive results
Help clients get the maximum benefit from these accounts
Laurentian Bank has announced further executive shifts following its leadership change earlier this month
Ontario court allows U.S. shareholders to pursue both cases
Report finds the technology is being used to segment clients and generate insights