September 30, 2022 BY Steffy Bogdanova
HK SFC charges thirteen people in a ramp-and-dump syndicate case
The SFC alleges that the syndicate members organised and executed the schemes in the shares of two Hong Kong-listed companies through different social media platforms. They manipulated the trading of a large volume of those shares by using a substantial number of nominee accounts. The regulator stated: In implementing the schemes, the syndicate members were…
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