Hong Kong watchdog fines JPMorgan for dark pool, control failures

Hong Kong watchdog fines JPMorgan for dark pool, control failuresHONG KONG Hong Kong’s securities watchdog said on Tuesday it had fined JPMorgan HK$30 million ($3.87 million) for a range of control failures, including breaches in its dark pool business. The U.S. bank is the latest institution to fall foul of a broader crackdown by the Securities and Futures Commission (SFC) on electronic trading and dark pools in the financial center.

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