SFC issues restriction notices to 4 brokers to freeze client accounts linked to suspected account hacking and market manipulation
SFC
SFC, 21-Nov-2024
The maximum amount frozen is HK$91m. The Restriction Notices reveal alleged unauthorized access to 11 accounts at an unnamed brokerage: 6 on 24-Oct-2024 and 5 on 6-Nov-2024, resulting in unauthorized "aggressive purchases" of shares in Companies A and B respectively, causing "substantial movements" in the share prices.
Orgs
Topics
SFC freezes accounts in suspected social media pump & dump
SFC
SFC, 18-Feb-2021
They don't name the stock, but Webb-site can tell you it's probably Macau E&M (1408) which listed at $1.00 on 11-Sep-2020 and closed at $4.36 on 25-Nov-2020 before crashing 81.9% the next day. See the movements in our CCASS Analysis System.
Orgs
Landing (0582) controller moves 33.84% from Future Stars Securities to Enerchina Securities
Webb-site.com, 20-Dec-2017
Enerchina Securities is owned by Enerchina (0622) and is part of what we call the "Chung Nam Network". The controller of Landing is its Chairman, Yang Zhihui. We could be in for a hard Landing.