H.K. SFC Reprimands, Fines Citigroup Global Markets Asia

Oct. 3 (Bloomberg) -- Hong Kong’s Securities and Futures Commission reprimanded and fined Citigroup Global Markets Asia Ltd. HK$6 million, it said in a statement today.

Citi Asia has “also agreed to offer to pay compensation to customers affected by a fraudulent scheme operated by a former licensed representative in the amount of any principal lost by such customers,” the statement said.

To contact the reporter on this story: Billy Chan in Hong Kong at bchan101@bloomberg.net

To contact the editor responsible for this story: Hwee Ann Tan at hatan@bloomberg.net