Tag: SFC

Hong Kong SFC
August 26, 2020 BY Steffy Bogdanova

The Hong Kong SFC bans CITIC former relationship manager

TS’O gave the customers false receipts and the additional amount they paid went into his pocket. Subsequently, TS’O was convicted of seven counts of fraud on 7 January 2019.  On 21 January 2019, he was sentenced to six months imprisonment, he was also suspended for two years and was ordered to make restitution to the…

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Huobi Asset Management secures SFC licenses
August 03, 2020 BY Steffy Bogdanova

Huobi Asset Management secures SFC licenses for securities advisory and asset management services

Elaine Sun, the Compliance Director of Huobi Tech commented: We are delighted to get licensed and it marks a good start for the Company to provide professional asset management services. The Asset Management arm is led by a team of investment professionals with extensive traditional securities investment experience and fruitful knowledge in blockchain and virtual…

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sfc warning
April 27, 2020 BY Steffy Bogdanova

Hong Kong SFC advises brokers to be cautious in trading crude oil futures and ETFs

Ashley Alder, the SFC’s Chief Executive Officer said: The crude oil market has recently experienced unprecedented volatility, which significantly increases the risks of trading crude oil-related financial products. Firms should prudently manage these risks to protect investors. In a separate letter, the SFC cautioned managers of SFC-authorised futures-based ETFs to remain careful and ensure that…

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