Category Archives: Enforcement

Enforcement collaboration between IA and HKMA – Insurance Authority bans Chan Ka Hey for six months for fabrication of a client’s direct debit authorization form for premium payment

The Insurance Authority (IA) and the Hong Kong Monetary Authority (HKMA) have jointly issued a [...]

The Monetary Authority takes disciplinary action against EFG Bank AG, Hong Kong Branch for contraventions of Anti-Money Laundering and Counter-Terrorist Financing Ordinance

The Hong Kong Monetary Authority (HKMA) has announced the completion of an investigation and disciplinary [...]

Market Misconduct Tribunal finds Mayer Holdings Limited and its former senior management for late disclosure of inside information

The Market Misconduct Tribunal (MMT) has concluded that Mayer Holdings Limited (Mayer) and its former [...]

Suspected core members of sophisticated syndicate charged in ramp-and-dump case

Mr. Stevens Yip Chi Fai and Ms. So Lung Ying, suspected core members of a [...]

Court convicted and fined Cheung Wing Hung for unlicensed activity

The Eastern Magistrates’ Court has found Mr. Cheung Wing Hung guilty of unlawfully acting as [...]

Exchange’s Disciplinary Action against Lisi Group (Holdings) Limited (Stock Code: 526)

The Stock Exchange of Hong Kong Limited has censured Lisi Group (Holdings) Limited for repeatedly [...]

SFC reprimands and fines Changjiang Asset Management (HK) Limited $3.4 million for regulatory breaches and internal control failures

Changjiang Asset Management (HK) Limited (CJAM) has been fined $3.4 million by the Securities and [...]

SFC bans RaffAello Capital Limited’s former responsible officer for two years over IPO sponsor failures

The Securities and Futures Commission (SFC) has barred Mr. Tsang Kwong Fai, a former responsible [...]

Exchange’s Disciplinary Action against E&P Global Holdings Limited (Stock Code: 1142)

From August 2021 to January 2022, the Company’s subsidiary made five transactions that involved buying [...]

Court convicted and fined Ben Ngai Ping Kuen for unlicensed activity

Mr. Ben Ngai Ping Kuen was found guilty by the Eastern Magistrates’ Court for falsely [...]