Search Results for: Securities and Futures Commission
SFC Hong Kong fined $3 million a security brokerage company
March 6th, 2017
The Securities and Futures Commission (SFC) has reprimanded Guangdong Securities Limited (GSL), now known as Sinolink Securities (Hong Kong) Company Limited (Sinolink), and fined it $3 million for failures in complying with anti-money laundering guidelines when handling third party ...
Unauthorised financial services companies around the world are reported
February 23rd, 2017
The supervisory authorities of the United Kingdom (Financial Conduct Authority – FCA), Spain (Comisión Nacional del Mercado de Valores – CNMV), Ireland (Central Bank of Ireland), Austria (Financial Market Authority – FMA), Switzerland (Swiss Financial Market Supervisory Authority – ...
Former investment firm CEO convicted of unlicensed dealing
February 20th, 2017
The Eastern Magistrates’ Court today convicted Mr Chiang Ching Fung, former chief executive officer of Gold Root Global Investments Limited (GRG Investments), of unlicensed dealing in futures contracts in a prosecution by the Securities and Futures Commission (SFC). This ...
Hong Kong police struggle to stop brokerage hacking spree
February 16th, 2017
Hong Kong police are struggling to deal with digital pump-and-dump schemes targeting brokerages – a little-known type of computer-generated fraud that surged in the Chinese territory last year. Although the money involved was small – only about $20 million ...
SFC withdraws Restriction Notice issued to a broker in connection with client’s suspected insider dealing
February 14th, 2017
The Securities and Futures Commission (SFC) has withdrawn the Restriction Notice issued to Kingsway Financial Services Group Limited (KFS) in connection with a client account that holds proceeds of suspected insider dealing in the shares of TeleEye Holdings Limited ...
HKEX appoints Group General Counsel
February 13th, 2017
Hong Kong Exchanges and Clearing Limited (HKEX) has appointed Ferheen Mahomed to serve as its Group General Counsel from today (Monday). Ms Mahomed will head HKEX’s Legal Services Department and oversee the Group’s legal function, including the teams at ...
SFC fined millions an asset management company for regulatory failures
January 25th, 2017
SFC reprimands and fines Value Partners $4 million The Securities and Futures Commission (SFC) has reprimanded Value Partners Limited (VPL) and Value Partners Hong Kong Limited (VPHKL) (collectively, Value Partners), and fined them $2 million respectively for failures to ...
SEC Establishes Supervisory Cooperation Arrangement With Hong Kong SFC
January 20th, 2017
The Securities and Exchange Commission today announced that it has established a comprehensive arrangement with the Hong Kong Securities and Futures Commission (SFC) as part of the SEC’s long-term strategy to enhance the oversight of regulated entities that operate ...
SFC added iCoption on its Alert List
January 10th, 2017
The Securities and Futures Commission (SFC), Hong Kong financial regulator, has updated its “Alert List” adding iCoption. The Alert List is a list of entities which have come to the attention of the SFC because they are unlicensed in ...
SFC bans former financial planning manager
January 9th, 2017
The Securities and Futures Commission (SFC) has prohibited Mr Choi Siu Ki, a former financial planning manager of Dah Sing Bank Limited, from re-entering the industry for nine months from 7 January 2017 to 6 October 2017 for forging ...
