JPMorgan Chase & Co. and UBS Group AG terminated their prime brokerage relationships with Infini Capital Management Ltd. months before a public raid on the Hong Kong-based hedge fund.
The terminations preceded an investigation into an alleged HK$315 million insider dealing and corruption scheme.
The alleged scheme involves approximately $40 million in illicit activity.
Hong Kong financial regulators disclosed the enforcement actions on March 12, 2026.
JPMorgan’s decision to cut ties reflects proactive risk management ahead of the public disclosure of the probe.