‘Enforcement 40’ for 2020
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By Securities Docket on May 4, 2016, 8:46 am
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 […]
By Securities Docket on December 7, 2015, 10:33 am
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 […]
By Securities Docket on May 7, 2014, 3:41 pm
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 […]
By Securities Docket on December 21, 2013, 9:40 am
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 […]
By Securities Docket on July 12, 2013, 1:34 pm
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.
By Securities Docket on August 29, 2012, 8:16 pm
Case is SFC’s second action in a week involving mainland China firms trying to withhold information as “state secret.”
By Securities Docket on August 27, 2012, 2:45 pm
Honk Kong regulator alleges E&Y failed to produce accounting records related to a Chinese company.
By Securities Docket on February 27, 2012, 2:15 pm
Former civil aviation chief receives five-month suspended jail sentence as well as a HK50,000 (US$6,410) fine.
By Securities Docket on February 23, 2012, 2:34 pm
Court overturns ruling that regulator can’t have Tiger banned without a tribunal or criminal court finding.