英语论文网

留学生硕士论文 英国论文 日语论文 澳洲论文 Turnitin剽窃检测 英语论文发表 留学中国 欧美文学特区 论文寄售中心 论文翻译中心

Bussiness ManagementMBAstrategyHuman ResourceMarketingHospitalityE-commerceInternational Tradingproject managementmedia managementLogisticsFinanceAccountingadvertisingLawBusiness LawEducationEconomicsBusiness Reportbusiness planresearch proposal

英语论文题目英语教学英语论文商务英语英语论文格式商务英语翻译广告英语商务英语商务英语教学英语翻译论文英美文学英语语言学文化交流中西方文化差异英语论文范文英语论文开题报告初中英语教学英语论文文献综述英语论文参考文献

ResumeRecommendation LetterMotivation LetterPSapplication letterMBA essayBusiness Letteradmission letter Offer letter

澳大利亚论文英国论文加拿大论文芬兰论文瑞典论文澳洲论文新西兰论文法国论文香港论文挪威论文美国论文泰国论文马来西亚论文台湾论文新加坡论文荷兰论文南非论文西班牙论文爱尔兰论文

小学英语教学初中英语教学英语语法高中英语教学大学英语教学听力口语英语阅读英语词汇学英语素质教育英语教育毕业英语教学法

英语论文开题报告英语毕业论文写作指导英语论文写作笔记handbook英语论文提纲英语论文参考文献英语论文文献综述Research Proposal代写留学论文代写留学作业代写Essay论文英语摘要英语论文任务书英语论文格式专业名词turnitin抄袭检查

temcet听力雅思考试托福考试GMATGRE职称英语理工卫生职称英语综合职称英语职称英语

经贸英语论文题目旅游英语论文题目大学英语论文题目中学英语论文题目小学英语论文题目英语文学论文题目英语教学论文题目英语语言学论文题目委婉语论文题目商务英语论文题目最新英语论文题目英语翻译论文题目英语跨文化论文题目

日本文学日本语言学商务日语日本历史日本经济怎样写日语论文日语论文写作格式日语教学日本社会文化日语开题报告日语论文选题

职称英语理工完形填空历年试题模拟试题补全短文概括大意词汇指导阅读理解例题习题卫生职称英语词汇指导完形填空概括大意历年试题阅读理解补全短文模拟试题例题习题综合职称英语完形填空历年试题模拟试题例题习题词汇指导阅读理解补全短文概括大意

商务英语翻译论文广告英语商务英语商务英语教学

无忧论文网

联系方式

SHOULD HKMA BEAR THE LARGEST RESPONSIBILITY IN THE CASE OF THE FRAUD OF LEHMAN BROTHERS’MINIBOND? [4]

论文作者:留学生论文论文属性:报告 Report登出时间:2010-06-25编辑:lisa点击率:10132

论文字数:4100论文编号:org201006251635297307语种:中文论文 Chinese地区:中国价格:免费论文

关键词:论文代写金融论文

vestor. The code also requires sellers to distinguish between professional and ordinary investors. If a client is classified as a professional investor, the bank will ask the client whether he wishes to sign the notice to professional investors, which waives certain obligations of the bank. The purpose of this notice is to ensure the investor consents to become a professional investor and acknowledges that he understands what information will not be provided to him.
To become a qualified professional investors under the Securities and Futures Ordinance (Cap.571), any person or corporation who satisfies the requirements set out in Part 1 of schedule 1 and section 3 of the Securities and Futures (Professional Investors) Rules is deemed to be a “Professional Investor”. According to the sections, you are requiring:
- A trust corporation which has a total assets of not less than HK$40million;
- Any individual, either aln or with any of his associates on joint account, having an investment portfolio of not less than HK$8 million;
- The size and the frequency of one’s’ trades. Professional Investors would be expected to have entered into not less than 40 transactions per year.
- Dealing experience, a Professional Investors should have been active in the relevant market for at least 2 years and awareness of the risks involved in trading in the relevant market.
Given the information stated above, it is questionable whether the distributing bank clearly described and explained the products to minibonds investor; and had due regard for the suitability of the investment to the client’s needs and risk appetite. As the product was so complicated, even sales representatives at banks did not fully understand the underlying risks, and it is therefore unlikely that they accurately communicated the risks to retail investors. In at least some cases where the minibonds were sold to elderly unsophisticated investors, it seems rather likely that the banks concerned mis-sold the minibonds with doubt in complying with the SFC Code of Conduct. Nonetheless, the mini-bonds were clearly aimed at retail investors, and were to be distributed in the no-transparent-over-the-counter market where the investor would have little access to other information about the product (eg. Secondary market prices, or information on Lehman). The name ‘minibond’ was also misleading, in that the product was not a bond and did not perform like a bond. In any event, the SFC’s authorization of minibonds for distribution to the general public appears highly questionable.


Securities and Futures Commission (SFC):
After the failure of the Lehman Brothers, investors lost all their capital invested in minibonds and the public started to argue that “Should Securities and Futures Commission (SFC) bear the most responsibility of the mis-selling of the minibonds?” We will discuss the duties of SFC and its role in this case as follows:
The Securities and Futures Commission (SFC), which is the regulator of HK Securities Industry, was born in 1989 under the Securities and Futures Commission Ordinance. SFC is an independent, non-governmental statutory body. Its major responsibilities are licensing and supervision of intermediaries, focusing the activities on the secondary market, encouraging market development and protecting investors.
One of the departments of SFC’s Intermediaries and Investment Products Division, the Investment Products Department author论文英语论文网提供整理,提供论文代写英语论文代写代写论文代写英语论文代写留学生论文代写英文论文留学生论文代写相关核心关键词搜索。
英国英国 澳大利亚澳大利亚 美国美国 加拿大加拿大 新西兰新西兰 新加坡新加坡 香港香港 日本日本 韩国韩国 法国法国 德国德国 爱尔兰爱尔兰 瑞士瑞士 荷兰荷兰 俄罗斯俄罗斯 西班牙西班牙 马来西亚马来西亚 南非南非

   Europe (24-hours)
   EN:13917206902
   china (24-hours)
   CN:13917206902
在线客服团队
    全天候24小时在线客服
      QQ:949925041 
  

微信公众订阅号