Latest news with #ChristopherWilson
Yahoo
3 hours ago
- Yahoo
BCSO requests assistance locating missing Lady's Island man
BEAUFORT COUNTY, S.C. (WSAV) – The Beaufort County Sheriff's Office (BCSO) is asking for the public's help locating a missing 47-year-old man from Lady's Island. Christopher Wilson was last seen around 2 p.m., Sunday, May 25, 2025. It is believed that he left his residence in Royal Pines on Lady's Island wearing blue jeans and an unknown-colored t-shirt. He is described as 6'02' and weighing 190 lbs. He has hazel brown eyes and short brown hair. It is unknown in which direction Christopher Wilson is headed, but he should be traveling in a 2022 black Toyota Prius. Anyone who may know of his whereabouts is asked to call our non-emergency dispatch line at 843-524-2777. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
CBS News
07-05-2025
- CBS News
Man found murdered in North Hills home
Police continue to investigate the death of a 36-year-old man who was found stabbed to death at a North Hills home Tuesday night. Los Angeles Police Department officers arrived at a residence at Lemona Avenue and Acre Street, near the Pacoima Wash around 9 p.m. A caller reported seeing blood in the hallway of a home where several people live. Arriving officers found a man suffering from multiple stab wounds in the home. He has been identified as Christopher Wilson and was pronounced dead at the scene. It is not known if Wilson resided at the home.
Yahoo
28-01-2025
- Business
- Yahoo
Hong Kong's SFC fines Hang Seng Bank US$8.5 million for misconduct
Hong Kong's markets watchdog has fined Hang Seng Bank HK$66.4 million (US$8.5 million) for regulatory failures and overcharging clients. The Securities and Futures Commission (SFC) said on Monday there were serious regulatory failures on the part of the bank regarding the sale of collective investment schemes (CIS) and derivative products and charging its clients excessive fees between February 2014 and May 2023. Hang Seng Bank made at least HK$22.4 million in excess fees from these transactions. Do you have questions about the biggest topics and trends from around the world? Get the answers with SCMP Knowledge, our new platform of curated content with explainers, FAQs, analyses and infographics brought to you by our award-winning team. "[Hang Seng's] misconduct in these cases was serious and systemic," Christopher Wilson, the SFC's executive director of enforcement, said in a statement. "In particular, clients who declared making investment decisions themselves were in fact repeatedly solicited by [Hang Seng's] relationship managers to engage in frequent and excessive CIS transactions." The SFC and HKMA led an investigation into Hang Seng Bank. Photo: Shutterstock alt=The SFC and HKMA led an investigation into Hang Seng Bank. Photo: Shutterstock> The disciplinary action stemmed from a Hong Kong Monetary Authority (HKMA) investigation, which revealed a range of concerns regarding Hang Seng's sale of CIS products from June 2016 to November 2017, according to the SFC's statement. The SFC said that 111 client accounts were found to have executed 100 or more CIS transactions during the period. While most transactions were declared as the client's "own choice", some 46 clients had been influenced by their relationship managers' solicitation or recommendation in their trades, according to the statement. The excessively frequent transactions with short holding periods contradicted the funds' investment objectives and the clients' preferred investment horizons, which resulted in significant transaction costs borne by the clients, which greatly affected their overall returns, the SFC said. Hang Seng Bank's internal controls did not adequately supervise and monitor the sale of CIS products to its clients and failed to keep a sufficient audit trail to ensure that transactions were genuinely initiated by clients, according to the SFC. The bank also failed to put in place sufficient controls to monitor and follow up on potentially problematic transactions after they had been conducted. A joint investigation by the SFC and HKMA also found that during various periods between 2014 and 2023, Hang Seng Bank had retained monetary benefits from client transactions, charged its clients transaction fees beyond amounts previously communicated to them and failed to adequately disclose trailer fee arrangements to clients trading in investment funds. "This enforcement outcome is a result of close collaboration between the HKMA and the SFC," said Raymond Chan, an executive director at the HKMA. "It helps to send a strong message to the industry that they should have in place adequate systems to ensure compliance with applicable regulatory standards," Chan said. Hang Seng Bank has since compensated impacted clients and has taken remediation steps and enhancement measures to rectify and strengthen its internal controls, according to the statement. The bank did not immediately respond to a request for comment. This article originally appeared in the South China Morning Post (SCMP), the most authoritative voice reporting on China and Asia for more than a century. For more SCMP stories, please explore the SCMP app or visit the SCMP's Facebook and Twitter pages. Copyright © 2025 South China Morning Post Publishers Ltd. All rights reserved. Copyright (c) 2025. South China Morning Post Publishers Ltd. All rights reserved.
