Search Results for: Securities and Futures Commission
Moody’s appeals Hong Kong regulator’s penalty for report on mainland firms
January 9th, 2015
Moody’s Investors Service began an appeal Thursday against a decision by the Hong Kong Securities and Futures Commission to fine the company HK$23 million (roughly US$3 million) for breaching unspecified regulations in a July 2011 report that raised corporate ...
CFTC charges R2 Capital Group LLC with Fraud and Misappropriation
August 22nd, 2014
The U.S. Commodity Futures Trading Commission (CFTC) announced that on August 15, 2014, Chief Judge Marcia S. Krieger, of the U.S. District Court for the District of Colorado, issued a restraining Order freezing the assets of Defendants Ryan Tomazin ...
ESMA defines central clearing of interest rate and credit default swaps
July 11th, 2014
The European Securities and Markets Authority (ESMA) has launched a first round of consultations to prepare for central clearing of OTC derivatives within the European Union. The two consultation papers seek stakeholders’ views on draft regulatory technical standards (RTS) ...
Pacific Sun Advisors Limited and its director convicted by SFC
June 12th, 2014
The Securities and Futures Commission (SFC) has issued a press release informing the investors that Pacific Sun Advisors Limited (Pacific Sun) and its director Mr Andrew Pieter Mantel were convicted at the Tsuen Wan Magistrates’ Court on four charges ...
Hong Kong court rejects EY’s case that China law protects mainland audit papers
May 23rd, 2014
A Hong Kong court on Friday rejected auditor EY’s contention that Chinese law prohibits the mainland partner of the firm previously known as Ernst & Young from passing on documents related to a former China client. The ruling, the ...
SFC reprimands and fines ICBC International Capital Limited and ICBC International Securities Limited
May 21st, 2014
The Securities and Futures Commission (SFC) has reprimanded ICBC International Capital Limited (ICBCI Capital) and ICBC International Securities Limited (ICBCI Securities) (collectively ICBCI) and fined them $12.5 million respectively in relation to their role in the initial public offering ...
Futures manipulator sentenced to community service
May 14th, 2014
The Securities and Futures Commission (SFC) has issued a press release informing as follows: The Eastern Magistrates’ Court today sentenced a futures trader, Mr Ernest Fan Kwong Hung, to 200 hours of community service and fined him $59,430 for ...
Futures trader convicted of false trading
April 30th, 2014
The Hong Kong Securities and Futures Commission (SFC), an independent statutory body set up to regulate the securities and futures markets in Hong Kong, has issued a press release informing that the Eastern Magistrates’ Court convicted a futures trader ...
SFC reprimands and fines The Royal Bank of Scotland PLC $6 million for internal control failings
April 22nd, 2014
The Securities and Futures Commission (SFC) of Hong Kong, has issued a reprimand to The Royal Bank of Scotland Public Limited Company (RBS) and fined it $6 million for internal control failures relating to the detection and prevention of ...
Alert! Beware of companies offering financial services without the required license
December 14th, 2018
The supervisory authorities of the United Kingdom (Financial Conduct Authority – FCA), Switzerland (Swiss Financial Market Supervisory Authority – FINMA), China (Financial Supervisory Commission Chinese Taipei – FSC), Holland (Netherlands Authority for the Financial Markets – AFM), Sweden (Finansinspektionen), ...
