Enforcement

The Securities and Futures Ordinance empowers us to mete out disciplinary measures and prosecute offenders to combat crime and misconduct in the securities and futures markets. Through taking firm and decisive disciplinary action against offenders, we strive to promote fairness and protect the investing public. Our surveillance, inspection and disciplinary work extends beyond listed companies and licensees to market participants, including investors. Where appropriate, we work with domestic and overseas regulatory bodies to conduct investigations.

Through criminal prosecutions, proceedings in the Market Misconduct Tribunal, civil proceedings in the Court of First Instance and disciplinary actions against intermediaries, we aim to deliver the following outcomes:

• Punishment – Justly punish wrongdoers for their misconduct.
• Deterrence – Deter wrongdoers from repeating misconduct and warn other market participants against mimicking similar misconduct
• Remediation – Ensure that the consequences of wrongdoing are remedied by wrongdoers and their accomplices.

You will find in this section:

Disciplinary proceedings	Outlines the disciplinary measures available to the SFC and explains the investigation and disciplinary process
Enforcement actions	Enforcement news and statistics Current cold shoulder and disqualification orders
Upcoming hearings calendar	Updated on a weekly basis, the calendar lists open court hearings for criminal prosecutions, civil applications and applications before the Securities and Futures Appeals Tribunal
Have you seen these people?	People subject to arrest warrants or who we believe have information relevant to a current inquiry