SFC fines Interactive Brokers HK$4.2 million for regulatory breaches
SFC
SFC, 28-Apr-2025
From 2017-2020, due to a programming error, they lent out HK$586bn of client securities without valid standing authorities. They self-reported to SFC in 2020.
机构
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.
机构
主题
SFC freezes accounts at 2 brokers of ex-director of delisted company
SFC
SFC, 25-Apr-2024
It suspects a fraudulent scheme to misappropriate US$154m under the guise of securities and spot FX trading, between June 2020 and September 2021. The unnamed company is almost certainly Target Insurance (ex-6161) which imploded after depositing US$154m with Nerico Brothers Ltd. Ex-Chairman Mr Ng Yu was earlier alleged by the bust insurer to be the "central figure in the fraudulent scheme".
机构
人物
SFC commences MMT proceedings against former bank employee over alleged insider dealing
SFC
SFC, 03-May-2023
Approaching the 6-year limit on civil action, the SFC at last launches an MMT case (rather than a criminal prosecution by DoJ) for alleged insider dealing. This relates to a restriction notice against a client account at Interactive Brokers on 1-Mar-2018, the client now revealed to be Ms Ip Yee Man, spouse of Mr Wu Kam Shing, who worked at China CITIC Bank, lender to the offeror for the privatisation of Bloomage BioTech (ex-0963). Incidentally, the SFC notice to the MMT is dated 31-Mar, over a month ago.
机构
人物
SFC restricts accounts at 14 brokers for suspected manipulation of Smartac (0395)
SFC, 25-Jun-2019
机构
SFC investigates insider dealing in shares of Bloomage BioTech (privatised)
SFC, 09-Mar-2018
机构
人物
主题
SFC fines Interactive Brokers HK$4.5m for runaway market orders
SFC, 14-Feb-2018
机构
SFC freezes a client account, suspects market manipulation and/or fraud
SFC, 16-Dec-2016
The Gazette also published today shows the amount frozen in the account at Interactive Brokers is HK$1,298,523 and the freeze notice was issued on 22-Nov-2016. This relates to an investigation of unauthorized internet trades in hacked securities accounts at other firms between 7 and 15 October 2015. IB is not under investigation.