Articles: Unlicensed investment advice
Cheung Wing Hung convicted and fined HK$6k for unlicensed activity
SFC, 27-Jul-2023
Mr Cheung is currently a responsible officer of HGC Investment Management (HK) Ltd.
SFC, 27-Jul-2023
Mr Cheung is currently a responsible officer of HGC Investment Management (HK) Ltd.
Court upholds conviction of Law Sai Hung over unlicensed activities
| Judgment (Chinese)
SFC, 25-Oct-2021
SFC, 25-Oct-2021
SFAT affirms SFC decision to fine Yi Shun Da Capital Ltd for sponsor due diligence failures
| SFAT Decision
SFC, 19-Oct-2021
Relating to the aborted IPO of Imperial Sierra Group Holdings Ltd, in the track record of which, circular payments were supected. The proposed fine was reduced from HK$14m to $4.5m by the SFC and to $3m by the SFAT after considering the firm's financial position. The take-away from this is perhaps don't leave more capital inside your firm than is required by regulations, and pay out profits regularly.
SFC, 19-Oct-2021
Relating to the aborted IPO of Imperial Sierra Group Holdings Ltd, in the track record of which, circular payments were supected. The proposed fine was reduced from HK$14m to $4.5m by the SFC and to $3m by the SFAT after considering the firm's financial position. The take-away from this is perhaps don't leave more capital inside your firm than is required by regulations, and pay out profits regularly.
Court fines Brilliance Capital Management Ltd and Mr Law Sai Hung for unlicensed activities
SFC, 24-Jul-2020
SFC, 24-Jul-2020
Court sets pre-trial review for unlicensed activities prosecution
SFC, 18-Jul-2019
The SFC alleges that on or around 8-Jan-2013, Brilliance Capital Management Ltd held itself out to an unnamed company as a corporate finance advisor without a licence. We don't know why it took them over 6 years to commence prosecution.
SFC, 18-Jul-2019
The SFC alleges that on or around 8-Jan-2013, Brilliance Capital Management Ltd held itself out to an unnamed company as a corporate finance advisor without a licence. We don't know why it took them over 6 years to commence prosecution.
Mr Lo Chun Lam convicted of unlicensed futures contracts business
SFC, 17-Jun-2015
We note from the Webb-site Reports archives that this is his second conviction for a similar offence. The first was on 5-May-2011 when he was fined HK$1,500 for an advertisement promoting unlicensed advice on futures contracts. Still, the fine this time of $7,500 is only equivalent to two 3-month subscriptions to his service.
SFC, 17-Jun-2015
We note from the Webb-site Reports archives that this is his second conviction for a similar offence. The first was on 5-May-2011 when he was fined HK$1,500 for an advertisement promoting unlicensed advice on futures contracts. Still, the fine this time of $7,500 is only equivalent to two 3-month subscriptions to his service.
SFC Prosecutes Mr Ho To Yan under the Commodity Trading Ordinance and the Protection of Investors Ordinance
SFC, 26-Feb-2002
SFC, 26-Feb-2002
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