Enforcement news

This sub-section covers enforcement actions taken and offers some insight on our approach to tackling market misconduct.


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Date Company/Name Action
21 May 2020 SFC seeks court order to wind up Combest Holdings Limited
19 May 2020 Convoy Asset Management Limited SFC reprimands and fines Convoy Asset Management Limited $6.4 million for regulatory breaches over bond recommendation
18 May 2020 Southwest Securities (HK) Brokerage Limited SFC reprimands and fines Southwest Securities (HK) Brokerage Limited $5 million for breaches of anti-money laundering regulatory requirements
11 May 2020 SFC obtains disqualification orders against former directors of EganaGoldpfeil (Holdings) Ltd
7 May 2020 Mega International Commercial Bank Co., Ltd. SFC reprimands and fines Mega International Commercial Bank Co., Ltd. $7 million for regulatory breaches over CIS sale
5 May 2020 Shandong Molong Petroleum Machinery Company Limited SFC obtains court order against Shandong Molong Petroleum Machinery Company Limited
29 Apr 2020 YAU Ka Fai Unlicensed fund manager sentenced to community service
27 Apr 2020 SFC obtains disqualification orders against former directors of Long Success International (Holdings) Limited
20 Apr 2020 BOCOM International Securities Limited SFC reprimands and fines BOCOM International Securities $19.6 million for internal control failures
7 Apr 2020 SFC reprimands and fines HSBC Investment Funds (Hong Kong) Limited and HSBC Global Asset Management (Hong Kong) Limited HK$3.5 million for regulatory breaches over funds’ cash management
3 Apr 2020 Agg. Asset Management Limited SFC issues restriction notice to Agg. Asset Management Limited
31 Mar 2020 SFC sanctions China Rise Securities Asset Management Company Limited’s former responsible officers
25 Mar 2020 Market Misconduct Tribunal finds Magic Holdings International Limited and its directors culpable of late disclosure of inside information
23 Mar 2020 MO Shau Wah SFC bans Mo Shau Wah for life
19 Mar 2020 CHAN Tan Lo SFC bans Chan Tan Lo for 14 months
18 Feb 2020 Court dismisses challenge to SFC’s investigative powers
14 Feb 2020 Capital Global Management Limited SFC reprimands and fines Capital Global Management Limited $1.5 million
11 Feb 2020 BMI Securities Limited SFC reprimands and fines BMI Securities Limited $3.7 million and suspends its responsible officer for breaches of anti-money laundering regulatory requirements
6 Feb 2020 TSE Christopher SFC bans Christopher Tse for 12 months
29 Jan 2020 SHIU Yau Wah SFC suspends Shiu Yau Wah for five months

Showing 1 - 20 of 25

Notes:

  1. In some news releases, the names of certain individuals have been masked because:
    1. the individuals have met certain criteria for this treatment as set out under the Rehabilitation of Offenders Ordinance;
    2. the individuals received only a public reprimand and the news release was published over 10 years ago; or
    3. the news release was a public statement published over 10 years ago.
  2. The  list only contains news releases of the SFC’s enforcement actions issued on or after 1 January 1997. 
  3. The SFC may still take into account  its enforcement actions taken before 1 January 1997 for licensing and disciplinary purposes.
  4. If you need more information about a currently licensed person, please look it up in the Public Register of Licensed Persons and Registered Persons