Category Archives: Enforcement

Insurance Authority bans Chan Hung Fei from applying for a licence within 34 months due to misappropriation of premium payments

The Insurance Authority (IA) has banned Chan Hung Fei (Mr Chan) (Licence number: IF5069) from [...]

Exchange’s Disciplinary Action against a Former Director of China Ruifeng Renewable Energy Holdings Limited (Stock Code: 527)

On 11 Jul 2024, The Stock Exchange of Hong Kong Limited imposed A DIRECTOR UNSUITABILITY [...]

The Monetary Authority takes disciplinary action against DBS Bank (Hong Kong) Limited for contraventions of the Anti-Money Laundering and Counter-Terrorist Financing Ordinance

On 05 Jul 2024, the Hong Kong Monetary Authority (HKMA) announced that it had completed [...]

First District Court hearings for 18 defendants in three social media ramp-and-dump cases

On 9 Jul 2024, the District Court held the first hearings of three large-scale and [...]

Financial consultant charged by ICAC in JPY400m investment fraud case pleads guilty

An ICAC corruption investigation into bank officers earlier revealed that four people had conspired with [...]

Exchange’s Disciplinary Action against Wisdom Wealth Resources Investment Holding Group Limited (Stock Code: 7) and 12 Directors

On 08 Jul 2024, the Stock Exchange of Hong Kong Limited criticized Wisdom Wealth Resources [...]

Exchange’s Disciplinary Action against a Former Director of Green Future Food Hydrocolloid Marine Science Company Limited (Stock Code: 1084)

The Stock Exchange of Hong Kong Limited censured Mr Guo Songsen, former non-executive director of Green [...]

Hedge fund manager ordered to disgorge $5.6 million illicit profit from false trading and disqualified for four years

The Market Misconduct Tribunal (MMT) has ordered Mr Jonathan Dominic Iu Wai Ching, a former [...]

Court convicts and fines Tse Tsun Wai for unlicensed activity

On 3 Jul 2024, the Eastern Magistrates’ Court has convicted Mr Tse Tsun Wai of [...]

Immigration consultant conspiring with client over HK$10m investment entrant fraud charged by ICAC

A former proprietor of an immigration consultancy was charged by the ICAC on June 25 [...]