Regulatory Alerts2026-06-01
Added · Updated
SFC reprimands and fines XHK Limited $2.5 million for regulatory breaches
The Securities and Futures Commission reprimands XHK Limited and imposes a $2.5 million fine for regulatory failures regarding financial returns, liquid capital maintenance, and client money handling. The firm made accounting errors in financial returns submitted under the Securities and Futures (Financial Resources) Rules, resulting in liquid capital deficits ranging from $3.6 million to $32.3 million between January 2020 and June 2021. Additionally, XHK breached the Securities and Futures (Client Money) Rules by transferring up to $206 million of client money without required written directions and failing to promptly remove approximately $38 million in non-client money from segregated accounts.
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