Search Results for: Securities and Futures Commission (SFC)
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 ...
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 ...
Interactive Brokers Hong Kong fined $4.5 million
February 15th, 2018
The Securities and Futures Commission (SFC) has reprimanded and fined Interactive Brokers Hong Kong Limited (IBHK) $4.5 million after resolving concerns over IBHK’s breaches of the Code of Conduct in its execution of market orders using electronic and algorithmic ...
EFG Bank AG fined $2 million
January 12th, 2018
The Securities and Futures Commission (SFC) has reprimanded and fined EFG Bank AG (EFG Bank) $2 million for dealing in futures contracts without the required registration (Note 1). The SFC found that between 1 April 2003 and 22 November ...
Guidelines on hacking risks associated with internet trading in financial markets
October 30th, 2017
The Securities and Futures Commission (SFC) and the Hong Kong Monetary Authority (HKMA) recognise the need for effective cybersecurity management as cyber risk poses an increasingly significant threat to the integrity, efficiency and soundness of financial markets worldwide. Over ...
ETrade HK pleaded guilty for marketing unlicensed brokerage services
September 22nd, 2017
The Securities and Futures Commission (SFC), Hong Kong’s securities and futures markets regulator, has issued an announcement to inform that it secures conviction against ETRADE Securities (Hong Kong) Limited for marketing of unlicensed US brokerage services in Hong Kong. ...
SFC issues restriction notices to three brokers to freeze client accounts linked to suspected market manipulation
August 31st, 2017
The Securities and Futures Commission (SFC) has issued restriction notices to Caitong International Securities Co., Ltd, Pacific Foundation Securities Limited and Yuanta Securities (Hong Kong) Company Limited (the brokers), prohibiting them from dealing with or processing certain assets held ...
