Tiger Brokers Fined by CSRC for Illegal Activities
Tiger Brokers, New Zealand’s largest online brokerage, faces a massive $100 million (US$60 million) fine from the China Securities Regulatory Commission (CSRC). The penalty stems from a crackdown on illegal cross-border securities activities. According to Radio New Zealand (RNZ), the fine has already forced the firm to report an underlying first-quarter loss of US$26.9 million … Read more