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Institutional FX

Hong Kong SFC Fines Citigroup’s Asia Subsidiary $44.68 Million

  • The company was accused of multiple regulatory lapses.
  • The management of the company is likely to face disciplinary actions.
Friday, 28/01/2022 | 09:41 GMT by Arnab Shome
Institutional FX

SFC Imposes $8 Million Fine on Grand International Futures

  • The commission suspended the responsible officer for regulatory breaches.
  • The company failed to comply with AML requirements between October 2017 and October 2018.
Thursday, 30/12/2021 | 11:14 GMT by Bilal Jafar
Institutional FX

SFC Registered 12 New Open-Ended Fund Companies in the Recent Quarter

  • The authority imposed fines of $11.95 million between July and September 2021.
Tuesday, 07/12/2021 | 07:48 GMT by Bilal Jafar
Institutional FX

Hong Kong’s SFC Issues Restriction Notices on Ramp-and-Dump Scam Case

  • The authority suspects that around 17 trading accounts from two brokerage firms are involved.
Friday, 26/11/2021 | 16:37 GMT by Felipe Erazo
Institutional FX

SFC Imposes $5.5 Million Fine on Ample Capital Limited

  • The authority suspended the company’s responsible officer for IPO sponsor failures.
Monday, 18/10/2021 | 09:50 GMT by Bilal Jafar
Retail FX

Hong Kong’s SFC Suspends Former Emperor Representative for Two Years

  • Cheung Man Chit is accused of placing trades on behalf of a client through Emperor's online trading account.
Monday, 30/08/2021 | 16:50 GMT by Felipe Erazo
Institutional FX

SFC and ICAC Launch Joint Operation, Five Individuals Arrested

  • One of the arrested individuals is a former executive of an unnamed listed company.
Friday, 13/08/2021 | 21:45 GMT by Felipe Erazo
FinTech

Hong Kong’s SFC and Canada’s CSA Sign Fintech Cooperation Agreement

  • Eight members of the Canadian Securities Administrators are part of the fintech cooperation framework.
Thursday, 08/07/2021 | 19:18 GMT by Felipe Erazo
Retail FX

Hong Kong’s SFC Fines YSL Senior Management Member for Breaching AML Rules

  • The SFC had reprimanded the firm in March with a $5 million fine.
Monday, 05/07/2021 | 15:59 GMT by Felipe Erazo
Institutional FX

Hong Kong’s SFC Releases Annual Report 2020-21

  • The total number of licensed corporations increased to 3,159.
Wednesday, 30/06/2021 | 07:16 GMT by Bilal Jafar
Institutional FX

Hong Kong’s SFC Slaps Deutsche Securities Asia with HK$2.45M Fine

  • The company issued the incorrect statements to clients and did not immediately disclose the issue to the regulator.
Thursday, 24/06/2021 | 10:35 GMT by Arnab Shome
Brokers

SFC Fines Fulbright Securities $3.5 Million for Short Sale Violations

  • Hong Kong’s regulations require firms to deliver the shares, after completion of a short sale transaction.
Thursday, 24/12/2020 | 21:28 GMT by Aziz Abdel-Qader
News

SFC Hong Kong Signs Fintech Cooperation Agreement with ISA

  • The commission will work on innovative technology projects and information sharing with the Israeli Securities Authority.
Tuesday, 17/11/2020 | 09:42 GMT by Bilal Jafar
Regulation

Hong Kong’s SFC Warns of ‘Pump-and-Dump’ Scams on Social Media

  • 20% of the market manipulation schemes the SFC is currently investigating are “ramp and dump scams”
Friday, 25/09/2020 | 21:45 GMT by Aziz Abdel-Qader
Executive Moves

SFC Suspends Ex-UBS Advisor for 8 Months

  • She used her client signature without taking approval.
Monday, 31/08/2020 | 10:55 GMT by Arnab Shome
Executive Moves

SFC Suspends CTSL Account Executive for Unauthorized Trades

  • Chan Yiu Ting had placed 6,031 trades involving $573 million worth of shares in a client account without obtaining authorization
Wednesday, 12/08/2020 | 15:12 GMT by Aziz Abdel-Qader
Regulation

Huobi Asset Management Secures Two Licences from the SFC

  • The company was granted with a Type 4 (advising on securities) and Type 9 (asset management) licence.
Monday, 03/08/2020 | 09:14 GMT by Celeste Skinner
Regulation

SFC Imposes Fines of $479 Million During 2019-20 Year

  • In the regulator’s annual report, the SFC highlighted that it identified 1,489 incidents of breaches.
Wednesday, 24/06/2020 | 07:27 GMT by Celeste Skinner
Regulation

SFC Concludes Consultation on OTC Derivatives Licensing Regime

  • The consultation paper aimed to refine the scope of regulatory activities under the regime.
Thursday, 11/06/2020 | 02:13 GMT by Celeste Skinner
Executive Moves

IOSCO Re-Elects Hong Kong’s SFC CEO as Chair of Board

  • Ashley Alder has been appointed as IOSCO’s Chair for the 2020-2022 term.
Wednesday, 10/06/2020 | 05:42 GMT by Celeste Skinner
Brokers

Hong Kong SFC Fines Southwest Securities over Third-Party Deposits

  • 164 transactions totaling $110.1 million were passed without reviewing the source of funds deposited into SSBL bank accounts.
Monday, 18/05/2020 | 15:20 GMT by Aziz Abdel-Qader
Regulation

Hong Kong Regulator SFC Imposes $2.5M Fine on BOCOM Securities Arm

  • BOCOM International Securities reprimanded and fined for internal control failures
Monday, 20/04/2020 | 13:09 GMT by Finance Magnates Staff
Brokers

SFC Continues to Scrutinize FX Space, Warns of Capital Markets

  • Capital Markets says it maintains offices at Wall Street, New York while its headquarters located in Hong Kong.
Friday, 17/04/2020 | 17:47 GMT by Aziz Abdel-Qader
Regulation

SFC Scrutinises Leveraged FX Trading in Hong Kong

  • The regulator has outlined that leveraged forex trading might not be for everyone.
Thursday, 09/04/2020 | 12:59 GMT by Celeste Skinner
Regulation

HKMA and SFC Update OTC Derivatives Services Provider List

  • The two regulators have proposed eight new entities be included in the list.
Friday, 27/03/2020 | 11:48 GMT by Celeste Skinner
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