| Abstract | A Hong Kong sister company, Jardine Fleming Investment Management (JFIM), had been censured for lax controls. JFIM's London-regulated affiliate, Jardine Fleming Asset Management or JFAM, was fined $625,000 and had its license in Britain withdrawn. Three other investment firms within Britain's Robert Fleming Group, half-owner of Hong Kong-based Jardine Fleming Group, were each penalized $156,000 for failing to make sure that JFIM had adequate controls before entrusting it with its clients' money. Now Jardine Fleming faces the task of reassuring institutional and retail clients across the region. |
|---|
