Tag: Hong Kong

Segantii Allegations Roil a Go-To Block Trader Simon Sadler for Global Banks – Bloomberg

Last week, authorities thrust Segantii into the global spotlight, accusing the firm, one of its veteran traders and Sadler himself of crossing a legal line in the pursuit of market-moving information and profits. Hong Kong’s Securities and Futures Commission criminally charged all three with insider trading tied to a block trade in 2017. Across the financial world, the allegations are…

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KPMG, Deloitte Ask Staff to Use Burner Phones for HK Visits: FT – Bloomberg

Deloitte and KPMG have asked some executives based in the US to avoid using their usual work phones during visits to Hong Kong, the Financial Times reported, citing unidentified people with knowledge of the policies. *** The move comes as China increases its control over Hong Kong, the Asia-Pacific headquarters of many global companies, the FT said. Source: KPMG, Deloitte…

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Hong 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 activity when considering fitness and…

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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 Impose ‘Cold Shoulder’ Trading Ban…

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