Hong Kong SFC imposes $1.5M fine on Ewarton Securities Limited
Hong Kong’s SFC has reprimanded and fined Ewarton Securities Limited $1.5 million for internal control failings.
Hong Kong’s SFC has reprimanded and fined Ewarton Securities Limited $1.5 million for internal control failings.
Hong Kong’s SFC has revoked the licence of IDS Forex HK Limited and banned its former co-chief executive officers.
Hong Kong’s SFC has reprimanded Optimas Capital Limited and fined it $1.05 million over short position reporting failures.
The SFC issues restriction notices to 15 brokers to freeze client accounts linked to suspected social media ramp-and-dump scam.
The ramp-and-dump schemes drive up share prices of target stocks and then induce investors via social media platforms to buy these shares.
SFC petitions for winding up Adamas Asset Management (HK) Limited and seeks to appoint provisional liquidators.
During the nine months to end-December 2020, the SFC received 3,914 license applications, down 26.4% from the preceding year.
A total of 13 Hong Kong brokers will have to freeze client accounts linked to suspected social media ramp-and-dump scam.
SFC issues restriction notices to two brokers to freeze client accounts linked to suspected social media ramp-and-dump scam.
Chow Chiu Chi, company secretary of China Automation, was sentenced to 45 days of imprisonment for insider dealing.