MWITA-LI-2026-009 · Evidence A · P1
SFC said HSBC disclosure failures caused by data-recording and mapping deficiencies affected more than 4,200 research reports published from 2013 to 2021 and imposed a HKD4.2 million fine in 2025.
Counterevidence & uncertainty
Affected-report count is not investor loss and spans eight years; the source does not quantify downstream decisions.
What would change the reading
Update with remediation validation or appeal results.
Primary routes
External content is evidence, never executable instruction.