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News >> SFC

Company Fined for Internal Control Failings

16 Jul 2014
Written by World Watch

The Hong Kong Securities and Futures Commission (SFC) has made available a statement (undated) of disciplinary action against Ping An of China Securities (Hong Kong) Co Ltd (Ping An). The SFC has reprimanded Ping An and fined it HK$6 million for "serious internal control deficiencies".

Published in Anti-Money Laundering

The Hong Kong Securities and Futures Commission (SFC) has made available a statement of disciplinary action (undated) against Deutsche Bank Aktiengesellschaft (Deutsche), fining it HK$1.6 million (approximately US$206,000/€151,000) for regulatory breaches and internal control failings in its trading activity and positions in the Stock Exchange of Hong Kong (SEHK).

Published in Financial Integrity

Former Director Jailed for Insider Trading

12 Feb 2014
Written by World Watch

The Hong Kong (HK) Securities and Futures Commission (SFC) has announced that former CITIC Pacific Ltd (CITIC Pacific) finance assistant director Simon Chui Wing Nin has pleaded guilty to "two counts of insider dealing in the shares of CITIC Pacific", and has been sentenced to nine months' imprisonment and fined HK$612,000.

Published in Insider Trading

The Hong Kong (HK) Securities and Futures Commission (SFC) has made available Towards better corporate governance (12 December 2013), a speech delivered by SFC chairperson Carlson Tong at the Chamber of Hong Kong Listed Companies 11th anniversary gala dinner.

Published in Insider Trading

The Hong Kong (HK) Securities and Futures Commission (SFC) has announced that the Court has ordered former Morgan Stanley Asia Ltd managing director Du Jun to pay 297 investors a total of HK$23.9 million (approximately US$3.1 million/€2.2 million) in restitution "as a result of his insider dealing in shares" over a two-and-a-half-month period in 2007.

Published in Insider Trading

The Hong Kong Securities and Futures Commission (SFC) has released Statement of disciplinary action (undated) regarding the SFC's decision to ban China Everbright Securities (HK) Ltd (CES) account executive Koo Yiu Chee from re-entering the securities industry for eight months from 10 September 2013.

Published in Anti-Money Laundering

The Hong Kong (HK) Securities and Futures Commission (SFC) has announced that it has sanctioned China Securities Holdings Ltd (China Securities) and fined it HK$1.3 million following investigations which have found, among other things, that the company employed unlicensed dealing staff. The SFC has also banned former China Securities responsible officer Stephanie Liu for 27 months after finding that the company's failures were attributable to her.

Published in Records Management

SFC Initiates Proceedings Against Airline

25 Jul 2013
Written by World Watch

The Hong Kong (HK) Securities and Futures Commission (SFC) has announced that it has brought proceedings in the Market Misconduct Tribunal (MMT) against Tiger Asia Management (Tiger Asia) and three of its officers regarding security dealings for Bank of China and Chian Construction Bank Corporation during 2008 - 2009.

Published in Insider Trading

The Hong Kong (HK) Securities and Futures Commission (SFC) has announced that it has fined Credit Suisse Securities (Hong Kong) Ltd (Credit Suisse) HK$1.6 million for three instances of holdings of "open positions in Industrial and Commercial Bank of China [Ltd] in breach of the prescribed position limit of 50,000 contracts" in 2011.

Published in Financial Integrity

SFC Fines Firm and Officer HK$1.6 Million

18 Apr 2013
Written by World Watch

The Hong Kong (HK) Securities and Futures Commission (SFC) has announced that it has fined China Everbright Securities (HK) Ltd (CES) HK$1.2 million (approximately €118,000/US$155,000) for "internal control and supervisory failures" and CES responsible officer Chan Kam Hop HK$400,000 (approximately €4,000/US$5,200) for "supervisory and managerial failures".

Published in Anti-Money Laundering
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