The Securities and Futures Commission (SFC) has reprimanded and fined Instinet Pacific Limited (Instinet) $8 million for its failure to comply with the reporting requirements of The Stock Exchange of Hong Kong Limited (SEHK) for direct business transactions or cross trades (Note 1). The SFC’s investigation revealed that between December 2012 and March 2018, Instinet had failed to report 8,817 pairs of cross trades involving transactions worth around $25.9 billion between its

The Securities and Futures Commission (SFC) has obtained disqualification orders in the Court of First Instance against another five former directors of Superb Summit International Group Limited (Superb Summit). They are Mr Law Wai Fai, Mr Li Jun and Mr Cheng Man For, former executive directors of Superb Summit, and Mr Qiu Jizhi and Mr Chan Chi Yuen, former independent non-executive directors of the company (Notes 1 to 3). To date, a total of 10 former directors of Superb Sum

The Securities and Futures Commission (SFC) has banned Mr Suen Kin-wing, a former Associate Director of UBS AG (UBS), from re-entering the industry for life in light of his criminal convictions for money laundering and committal for contempt of court (Note 1). The case arose from Suen’s role as the Client Advisor of two Mainland Chinese clients who held a joint account with UBS (Joint Account). Since the clients encountered difficulties in remitting RMB from the Mainland to H

The Securities and Futures Commission (SFC) has suspended Mr Chow Tsz Lam, a former responsible officer (RO) and manager-in-charge of various core functions of the now dissolved Agg. Asset Management Limited (Agg), for 12 months from 2 September 2025 to 1 September 2026 over fund management failures (Notes 1 to 3). The disciplinary action followed the SFC’s investigation which found that Agg, as the investment manager of a Cayman-incorporated fund, invested up to 100% of the

The Securities and Futures Commission (SFC) and the Hong Kong Monetary Authority (HKMA) today published the findings of their annual joint survey on the distribution of non-exchange-traded investment products, showing record sales and level of market participation for these products during 2024 (Note 1). Total transaction amount of non-exchange-traded investment products by licensed corporations (LCs) and registered institutions (RIs) surged 40% year-on-year to a record $6,0

The Securities and Futures Commission (SFC) has revoked the licence of Nerico Brothers Limited (NBL) for facilitating misappropriation of...

The Securities and Futures Commission (SFC) has revoked the licence of Amber Hill Capital Limited (AHCL) for facilitating...

The criminal trial of the insider dealing prosecution brought by the Securities and Futures Commission (SFC) against businessman Mr Wong...