Enforcement news

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


Go to name search  

Date Company/Name Action
9 Jul 2020 Court convicts and fines former officer of Wonderful Wealth Group Limited for unlicensed activities
8 Jul 2020 LEFT Andrew Edward Court of Final Appeal dismisses leave application of Andrew Left
7 Jul 2020 LAI Wing Fat SFC bans Lai Wing Fat for 20 months
2 Jul 2020 KE Wen Hua SFC commences false trading prosecution against retail investor
23 Jun 2020 CHU Lai Wa, Joanna SFC bans former responsible officer of Guosen Securities (HK) Brokerage Company, Limited for 12 months
22 Jun 2020 Guotai Junan Securities (Hong Kong) Limited SFC reprimands and fines Guotai Junan Securities (Hong Kong) Limited $25.2 million for breaches relating to anti-money laundering and other regulatory requirements
8 Jun 2020 Potomac Capital Limited SFC reprimands and fines Potomac Capital Limited $800,000 for breaching Financial Resources Rules
4 Jun 2020 Court convicts and fines former director and shareholder of Wonderful Wealth Group Limited for unlicensed activities
28 May 2020 KWOK Chau Mo SFC bans Kwok Chau Mo for nine months
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

Showing 1 - 20 of 34

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