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‘Enforcement 40’ for 2020
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Join the Securities Litigation and Enforcement Group on LinkedInHong Kong SFC bans individual for conduct relating to unregulated activities — Allen & Overy
On 24 March 2016, the Hong Kong Securities and Futures Commission (SFC) announced that it had taken disciplinary action against Mr Yuen Siu Lun by banning him from the securities industry for seven years. The disciplinary action is notable as a rare example of the SFC looking at a person’s conduct outside of a regulated […]
Why HK needs to get tougher on insider trading before China does — ejinsight
Hong Kong can’t compete with the size, growth or momentum of its northern neighbor, but it has the clear advantage in legitimacy and trust — an advantage it’s wise to protect. And Hong Kong is rightfully a paradise for many things. Insider trading should not be among them. via Why HK needs to get tougher […]
Hong Kong Seeks to Impose ‘Cold Shoulder’ Trading Ban on Tiger Asia’s Executives – Compliance Week
Hong Kong’s Securities and Futures Commission continues to push its insider trading case against U.S. hedge fund Tiger Asia and its two senior executives. The SFC now wants to impose a “cold shoulder” order on Tiger Asia’s two senior executives that would ban them from trading in the country’s markets. via Hong Kong Seeks to […]
Hong Kong shows its claws in $45m ruling against Tiger Asia – FT.com
Two US-based hedge fund managers have been ordered to pay HK$45m (US$5.8m) to compensate investors, having admitted to insider trading in Hong Kong after a fight to block the regulator from taking action against them. Tiger Asia and two of its senior managers, Bill Sung Kook Hwang and Raymond Park, lost a string of appeals […]
SFC’s Case Against Hedge Fund Tiger Asia and Execs Back on Track – Compliance Week
After years of being derailed, the Hong Kong’s Securities and Futures Commission’s case against hedge fund Tiger Asia, its founder, and two executives seeking to ban the firm from trading is back on track after a key court ruling. via SFC’s Case Against Hedge Fund Tiger Asia and Execs Back on Track – Compliance Week.
Hong Kong’s SFC Brings Action Against E&Y Over State Secrets
Case is SFC’s second action in a week involving mainland China firms trying to withhold information as “state secret.”
HK regulator launches legal proceedings against Ernst & Young
Honk Kong regulator alleges E&Y failed to produce accounting records related to a Chinese company.
Former Hong Kong Civil Aviation Chief Convicted Of Insider Trading
Former civil aviation chief receives five-month suspended jail sentence as well as a HK50,000 (US$6,410) fine.
Hong Kong Regulator Wins Tiger Asia Appeal
Court overturns ruling that regulator can’t have Tiger banned without a tribunal or criminal court finding.
Hong Kong Regulator Says It Should Be Able to Redress Investors
Hong Kong’s SFC trying to overturn court ruling that it lacks power to ban Tiger Asia from trading in Hong Kong.