The Hong Kong court convicted Brilliance Capital Management Limited (BCM) and its director Law Sai Hung in charges brought by the Hong Kong Securities and Futures Commission (SFC) for conducting finance advising services without an SFC licence.
BCM and director Law Sai Hung were fined a total of $30,000 and ordered to pay the SFC’s investigation costs.
The court discovered that in January 2013 BCM presented itself as a finance services company and advised on listing application, by entering into an Advisor Engagement Agreement while being unlicensed.
Experienced writer and journalist, working in the global online trading sector, Steffy is the Editor of LeapRate. She has previous experience as a copywriter and has been with the company since January 2020. Steffy has a British and American Studies degree from St. Kliment Ochridski University in Sofia.