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Zambia's SEC sanctions Standard Chartered over China property bond mis-selling, source says https://t.co/eM8jbQlfGA
Zambia's Securities and Exchange Commission (SEC) has sanctioned Standard Chartered for mis-selling a Chinese property company's bonds to one of the bank's local wealth clients at the height of the Asian country's real-estate crisis, according to a source. https://t.co/zw3OrrsqoW https://t.co/ILwfyvY8Jk
Exclusive: Zambia's SEC sanctions Standard Chartered over China property bond mis-selling, source says https://t.co/kPym7X1puf https://t.co/tmRuqw2n3j
Zambia's Securities and Exchange Commission (SEC) has imposed sanctions on Standard Chartered Bank for mis-selling bonds related to a Chinese property company. This action comes amid the ongoing real estate crisis in China. The SEC's decision follows reports that Standard Chartered sold these bonds to local wealth clients, raising concerns about the bank's compliance with regulatory standards. The sanctions highlight the increasing scrutiny of financial institutions in Zambia and their practices regarding foreign investments.