---
title: "Foreign media: The Securities and Futures Commission's anti-corruption unit suddenly raided Infini, and JP Morgan and UBS have cut off their prime brokerage business relationship"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/278865616.md"
description: "The Hong Kong Securities and Futures Commission and the Independent Commission Against Corruption conducted surprise searches at two major brokerages and a hedge fund management company, involving CITIC SEC, Guotai Junan International, and Infini Capital Management. JP Morgan and UBS had severed their prime brokerage relationships with Infini before the investigation and stopped providing services months ago. The investigation involves insider trading and corruption cases amounting to HKD 315 million, with eight people arrested"
datetime: "2026-03-12T10:40:38.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/278865616.md)
  - [en](https://longbridge.com/en/news/278865616.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/278865616.md)
---

# Foreign media: The Securities and Futures Commission's anti-corruption unit suddenly raided Infini, and JP Morgan and UBS have cut off their prime brokerage business relationship

The Hong Kong Securities and Futures Commission and the Independent Commission Against Corruption recently conducted surprise searches at two major brokerage firms and a hedge fund management company. Market news indicates that this involves CITIC SEC and Guotai Junan International, as well as the investment company Infini Capital Management Ltd., founded by Tony Chin. According to foreign media reports, JP Morgan and UBS had already cut off their prime brokerage business relationship with Infini Capital Management before the investigation results were announced.

Bloomberg reported, citing sources, that JP Morgan and UBS stopped providing prime brokerage services to Infini several months ago. In documents submitted to the U.S. Securities and Exchange Commission in March 2025, they were listed as prime brokers for Infini along with Standard Chartered Bank.

The report noted that it is currently unclear whether JP Morgan and UBS have ceased other business dealings with Infini beyond prime brokerage services, and the specific reasons prompting their decision remain unknown. Representatives from JP Morgan and UBS declined to comment. Standard Chartered Bank and Infini have not immediately responded to requests for comment.

The Securities and Futures Commission and the Independent Commission Against Corruption stated on Thursday that they have arrested eight individuals in connection with an insider trading and corruption case involving HKD 315 million (USD 40 million) related to two major brokerage firms and a hedge fund management company

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