Hong Kong regulator sues Standard Chartered, UBS over IPO

Hong Kong's stock market regulator has filed a lawsuit against major banks Standard Chartered and UBS along with consultancy firm KPMG over a 2009 initial public offering on the city's bourse. The Securities and Futures Commission (SFC) on Monday filed documents to the High Court alleging "market misconduct" in connection with China Forestry Holdings's IPO, worth $217 million, and the firm's financial statements for 2009 to the first half of 2010. Swiss giant UBS also said in October it could fa