FULBRIGHT SECURITIES LIMITED 富昌證券有限公司
MOG Digitech (1942): investigation into dealings in its shares
Company announcement, 31-Aug-2023
The "enforcement authorities" are almost certainly the SFC and ICAC, which on 29-Aug-2023 announced an investigation into suspected market manipulation of 2 unnamed stocks.
Company announcement, 31-Aug-2023
The "enforcement authorities" are almost certainly the SFC and ICAC, which on 29-Aug-2023 announced an investigation into suspected market manipulation of 2 unnamed stocks.
SFC and ICAC joint operation against suspected market manipulation syndicate
SFC, 29-Aug-2023
Involving ramps in the shares of 2 unnamed listed companies. We can tell you that one is Alliance International Education Leasing (1563), where the bubble has already burst, and the other is probably MOG Digitech (1942), which is still in a bubble. The SFC has issued Restriction Notices issued to 6 brokers to freeze certain client accounts.
SFC, 29-Aug-2023
Involving ramps in the shares of 2 unnamed listed companies. We can tell you that one is Alliance International Education Leasing (1563), where the bubble has already burst, and the other is probably MOG Digitech (1942), which is still in a bubble. The SFC has issued Restriction Notices issued to 6 brokers to freeze certain client accounts.
Another suspected core member of syndicate charged in ramp-and-dump case
SFC, 17-Apr-2023
Mr Leung Chung Yi is "a former licensed representative of the SFC". He didn't actually represent the SFC though - we can tell you that he was at Fulbright Securities Ltd until 14-Jan-2020.
SFC, 17-Apr-2023
Mr Leung Chung Yi is "a former licensed representative of the SFC". He didn't actually represent the SFC though - we can tell you that he was at Fulbright Securities Ltd until 14-Jan-2020.
6 more charged in SFC and Police joint operation against sophisticated ramp-and-dump syndicate
SFC, 4-Apr-2023
SFC, 4-Apr-2023
Suspected syndicate leader charged in connection with ramp-and dump schemes
SFC, 24-Nov-2022
Mr Tam, whose SFC licence was revoked in 2003 for rat-trading and other malpractices, featured in our article "Bubbles and troubles in Hong Kong" in Sep-2015, which featured several listed companies in what became our "Enigma Network" of 2017. The current charges relate to alleged activity in shares of 2 listed companies in 2018-2019.
SFC, 24-Nov-2022
Mr Tam, whose SFC licence was revoked in 2003 for rat-trading and other malpractices, featured in our article "Bubbles and troubles in Hong Kong" in Sep-2015, which featured several listed companies in what became our "Enigma Network" of 2017. The current charges relate to alleged activity in shares of 2 listed companies in 2018-2019.
Danny Fung Kwong Shing, ex-Fulbright Securities, jailed for 2.5 months for securities fraud
SFC, 27-Oct-2022
He pleaded guilty and has been bailed pending appeal, having been remanded in custody after conviction on 13-Oct.
SFC, 27-Oct-2022
He pleaded guilty and has been bailed pending appeal, having been remanded in custody after conviction on 13-Oct.
Danny Fung Kwong Shing, ex-Fulbright Securities, convicted of securities fraud
SFC, 14-Oct-2022
He pleaded guilty to 25 charges and has been remanded in custody pending sentence on 27-Oct-2022. In 2017, the SFC fined him and banned him for life for similar but broader misconduct.
SFC, 14-Oct-2022
He pleaded guilty to 25 charges and has been remanded in custody pending sentence on 27-Oct-2022. In 2017, the SFC fined him and banned him for life for similar but broader misconduct.
13 charged following SFC and Police joint operation against ramp-and-dump syndicate
SFC, 30-Sep-2022
Shares of 2 unnamed listed companies were involved. We note that 2 of the named defendants, Tam Sze Leung and Tam Chung Wai (formerly Tam Sze Chun), were parties to an unsuccessful judicial review of the SFC's powers to issue restriction notices on their brokerage accounts. The judgment revealed that the SFC suspected market manipulation in WMCH Global (8208).
SFC, 30-Sep-2022
Shares of 2 unnamed listed companies were involved. We note that 2 of the named defendants, Tam Sze Leung and Tam Chung Wai (formerly Tam Sze Chun), were parties to an unsuccessful judicial review of the SFC's powers to issue restriction notices on their brokerage accounts. The judgment revealed that the SFC suspected market manipulation in WMCH Global (8208).
SFC fines Fulbright Securities HK$3.3m and suspends its RO Eric Liu Chi Ming for 6 months
| Statement of Disciplinary Action
SFC, 1-Nov-2021
For internal control failures relating to a share placing in an unnamed listed company. We can tell you it was probably the IPO of Eggriculture Foods (8609) based on the CCASS positions before the first day of trading, although Fulbright wasn't named as an agent. That's the second fine for Fulbright in under a year, the previous being for failing to detect illegal short-selling.
SFC, 1-Nov-2021
For internal control failures relating to a share placing in an unnamed listed company. We can tell you it was probably the IPO of Eggriculture Foods (8609) based on the CCASS positions before the first day of trading, although Fulbright wasn't named as an agent. That's the second fine for Fulbright in under a year, the previous being for failing to detect illegal short-selling.
SFC fines Fulbright Securities HK$3.6m
| Statement of Disciplinary Action
SFC, 23-Dec-2020
For failing to detect illegal short-selling for 6 months from Oct-2015 to Mar-2016.
SFC, 23-Dec-2020
For failing to detect illegal short-selling for 6 months from Oct-2015 to Mar-2016.
SFC fines Danny Fung Kwong Shing, bans him forever
SFC, 23-Nov-2017
The former executive at Fulbright Securities caused his client HK$2.6m of loss by faking his orders.
SFC, 23-Nov-2017
The former executive at Fulbright Securities caused his client HK$2.6m of loss by faking his orders.
Excel Courage Holdings Ltd & another v Wong Sin Lai/Lei (fka Wong Tam Yee) & others
HK Court of First Instance, 26-Feb-2016
Para 118: "This leaves the clear impression of there being someone other than Mr Sin controlling matters on behalf of Huge Leader or Excel who is not willing to make themselves or their capacity known to the court for the purpose of these proceedings."
HK Court of First Instance, 26-Feb-2016
Para 118: "This leaves the clear impression of there being someone other than Mr Sin controlling matters on behalf of Huge Leader or Excel who is not willing to make themselves or their capacity known to the court for the purpose of these proceedings."
Excel Courage Holdings Ltd & another v Wong Sin Lai/Lei (fka Wong Tam Yee) & others
HK Court of Appeal, 30-May-2014
Para 4: "[Hung Ka Leung] is a business man who has been investing in the property and stock market in Hong Kong. He comes from a well-off family and his father is a person of influence in Xiamen, China."
HK Court of Appeal, 30-May-2014
Para 4: "[Hung Ka Leung] is a business man who has been investing in the property and stock market in Hong Kong. He comes from a well-off family and his father is a person of influence in Xiamen, China."
SFAT upholds SFC findings on Paul Lee On Ming but reduces ban from life to 18 months
SFC, 13-Nov-2007
SFC, 13-Nov-2007
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