Tag: SFC

November 22, 2016 BY Valentina Kirilova

SFC has publicly censured former executive of Changgang Dunxin Enterprise

The Securities and Futures Commission (SFC) has publicly censured and imposed a 24-month cold-shoulder order against Zheng Dunmu for breaching the mandatory general offer obligation of the Takeovers Code. At the relevant time, Zheng was chairman, executive director and a controlling shareholder of Changgang Dunxin Enterprise Company Limited and held a 56.25% interest in Changgang…

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October 31, 2016 BY Valentina Kirilova

SFC revokes licences of Richmond Asset Management Limited and its responsible officer Graham Frank Bibby and bans him for 10 years

The Securities and Futures Commission (SFC) has revoked the licences of Richmond Asset Management Limited and its responsible officer and sole owner, Mr Graham Frank Bibby, and banned him from re-entering the industry for a period of 10 years effective from 31 October 2016 to 30 October 2026. The disciplinary actions follow a review of…

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October 28, 2016 BY Valentina Kirilova

Hong Kong SFC adds Cressida Limited to its alert list

Hong Kong’s financial regulator the Securities and Futures Commission (SFC) has updated its Alert List, which features the names of businesses that are unlicensed in Hong Kong and are believed to be, or to have been, targeting Hong Kong investors or claim to have an association with Hong Kong. Added to the SFC Alert List…

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FMA suspends AxiTrader's derivatives licence
October 27, 2016 BY Valentina Kirilova

Court convicts Gold Root Global Investments Limited of unlicensed dealing

The Eastern Magistrates’ Court has convicted Gold Root Global Investments Limited (GRG Investments) of dealing in futures contracts through its website between March and April 2013 without a licence from the Securities and Futures Commission (SFC). GRG Investments pleaded guilty and was fined $10,000 and ordered to pay the SFC’s investigation costs. Dealing in futures contracts…

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October 21, 2016 BY Valentina Kirilova

Hong Kong SFC adds Option500 to its alert list

Hong Kong’s financial regulator the Securities and Futures Commission (SFC) has updated its Alert List, which features the names of businesses that are unlicensed in Hong Kong and are believed to be, or to have been, targeting Hong Kong investors or claim to have an association with Hong Kong. Added to the SFC Alert List…

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October 20, 2016 BY Valentina Kirilova

SFC reprimands and fines two JP Morgan entities HK$5.6 million for regulatory breaches

The Securities and Futures Commission (SFC) has reprimanded J.P. Morgan Securities (Asia Pacific) Limited (JPMSAP) and JPMorgan Chase Bank, National Association (JPMCB), and fined them $3 million and $2.6 million respectively for regulatory breaches including disclosure failures in research reports and offering offshore listed index options without the required licences. The SFC’s investigations into the…

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October 20, 2016 BY Valentina Kirilova

Market Misconduct Tribunal bans Andrew Left of Citron Research from trading securities in Hong Kong

The Market Misconduct Tribunal (MMT) has ordered that Mr Andrew Left of Citron Research be banned from trading securities in Hong Kong for the maximum period of five years without the leave of the court after finding him culpable of disclosing false or misleading information inducing transactions under the Securities and Futures Ordinance (SFO) in…

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October 19, 2016 BY Valentina Kirilova

SFC welcomes re-appointment of Non-Executive Director

The Securities and Futures Commission (SFC) has welcomed the re-appointment by the Financial Secretary of Dr Kelvin Wong Tin-yau as a Non-Executive Director for a term of two years with effect from 20 October 2016. Dr Wong has first been appointed as a Non-Executive Director of the SFC on 20 October 2012. Dr Wong has provided the…

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