Hong Kong securities firm fined HK$1.6 million

Hong Kong’s securities regulator has reprimanded Sun On Tat Securities and fined it HK$1.6 million ($206,000) for internal control failings. The Securities and Futures Commission (SFC) has also reprimanded Kwong Suk Yee, a responsible officer of Sun On Tat, and fined her HK$200,000 for managerial and supervisory failures. The regulator began an investigation after an inspection of Sun On Tat in 2010 that identified a number of internal control deficiencies, some of which were si…