Sun Hung Kai investment arm gets $4 million fine from SFC

The Hong Kong Securities and Futures Commission (SFC) has slapped a $4 million fine on Sun Hung Kai (SHK) Investment Services for internal-control failures that contributed to market misconduct. The culprits were two former SHK officials, Edmond Chau Chin-hung and Connie Cheung Sau-lin, who in 2003 engaged in false trading and price rigging over shares of QPL International Holdings. For SHK, this is water under the bridge. It calls this an isolated incident, and a spokesman says: "I…