Standard Chartered Sanctions for Bond Misselling
This is a Zambia news story, published by Yahoo Finance, that relates primarily to Securities and Exchange Commission news.
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Chinese property companyReuters
•Exclusive-Zambia's SEC sanctions Standard Chartered over China property bond mis-selling, source says
80% Informative
Zambia 's Securities and Exchange Commission has sanctioned Standard Chartered for mis-selling a Chinese property company's bonds to one of the bank's local wealth clients.
The UK -headquartered bank is facing "enforcement action" for two breaches of SEC rules following a months -long investigation.
The lender announced in November it was looking to sell its Zambian wealth and retail banking businesses.
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