SFC Freezes Client Accounts for A Suspected ‘Pump-and-Dump’ Scheme
The Securities and Futures Commission (SFC) of Hong Kong has recently frozen some accounts in relation to a pump and dump scam. It issues notices to two local brokers to ...
Advertisements
Tag: Securities and Futures Commission (SFC)
Fulbright Securities Fined $3.5 Million for Short Sale Violations
Hong Kong Securities and Futures Commission (SFC) reprimanded Fulbright Securities Limited and fined $450,000 (HK$3.5 million) for violating naked short selling rules. Hong Kong regulations require a firm to deliver ...
Hong Kong Regulators Warn Users of WikiFX As Scrutiny Continues
The Securities and Futures Commission (SFC) of Hong Kong recently issued a statement warning investors about WikiFX. The firm operates an inquiry platform related to IBs and forex brokers. Cautioning ...
New Hong Kong Crypto Regulations Ambiguous, AAX Exchange Says
Atom Group, a Hong Kong-based Bitcoin spot and derivatives exchange launched amidst a tightening of Asia’s crypto-regulatory regime. On November 7, the South China Morning Post (SCMP) reported that the ...
Hong Kong Regulator Fines Sincere Securities for Failure to Meet Regulations
Sincere Securities Limited (SSL) was recently slapped a fine of HK$5 million ($640,000) by the Securities and Futures Commission (SFC). The regulator fined the company for multiple instances of a ...