Category Archives: Enforcement

SFC issues restriction notices to two brokers to freeze client accounts linked to suspected social media ramp-and-dump scam

9 Feb 2021 The Securities and Futures Commission (SFC) has issued restriction notices to Enlighten [...]

Market Misconduct Tribunal sanctions Li Yik Shuen for insider dealing in Meadville Holdings Limited share

3 Feb 2021 The Market Misconduct Tribunal (MMT) has ordered that Ms Li Yik Shuen [...]

EXCHANGE’S DISCIPLINARY ACTION AGAINST SANDMARTIN INTERNATIONAL HOLDINGS LIMITED (STOCK CODE: 482) AND EIGHT OF ITS CURRENT AND FORMER DIRECTORS

22 Jan 2021  This case involves a settlement between the Company, the Relevant Directors (apart [...]

SFC reprimands and fines Fulbright Securities Limited $3.6 million

 23 Dec 2020 SFC has reprimanded Fulbright Securities Limited (Fulbright) and fined it $3.6 million [...]

SFC commences legal proceedings against New Ray Medicine International Holding Limited and its former top executives

30 Nov 2020 Company involved: New Ray Medicine International Holding Limited People involved: Mr Zhou [...]

SFC publicly censures Ngai Lai Ha and imposes a cold-shoulder order for breach of the Takeovers Code

2 Nov 2020 Company involved: International Housewares Retail Company Limited People involved: Ms Ngai Lai [...]

SFC reprimands and fines Goldman Sachs (Asia) L.L.C. US$350 million for serious regulatory failures over 1Malaysia Development Berhad’s bond offerings

22 Oct 2020  SFC has reprimanded and fined Goldman Sachs Asia HK$2.71 billion for serious [...]

Market Misconduct Tribunal sanctions CMBC Capital Holdings Limited and its former directors for late disclosure of inside information

16 Oct 2020 The Market Misconduct Tribunal (MMT) has found that CMBC Capital Holdings Limited [...]

SFC publicly censures So Yuk Kwan and imposes a cold-shoulder order for breach of the Takeovers Code

SFC has publicly censured and imposed a 24-month cold-shoulder order against So Yuk Kwan for [...]

SFAT affirms SFC decision to ban Lai Voon Wai for five years for IPO sponsor failures

The Securities and Futures Appeals Tribunal (SFAT) has affirmed the decision of the SFC to [...]