SFC Taps Thomas Atkinson as Executive Director of Enforcement

The OSC's Thomas Atkinson will join the SFC as its Director of Enforcement.

Hong Kong’s Securities and Futures Commission (SFC), an independent statutory body set up to help police the country’s domestic securities and futures market, has appointed Thomas Atkinson as its newest Executive Director of Enforcement, according to an SGC statement.

The SFC is a watchdog organization that helps inform investors, bringing to light a plethora of illicit operations and unregulated entities that market participants should abstain from doing business with. The regulatory authority also helps police the country’s securities and futures markets.

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Mr. Atkinson will step into his new role on May 3, 2016, which will last for a period of three years. Prior to accepting the new position at SFC, he served as the Director of the Enforcement Branch of Ontario Securities Commission (OSC) in Canada from 2009. Additional stops also include stints as the President and CEO of Market Regulation Services Inc., as well as senior level roles at the Toronto Stock Exchange (TSE).

According to SFC’s Chief Executive Officer (CEO), Ashley Alder, in a recent statement on the appointment: “Mr Atkinson is eminently qualified to head the enforcement division given his wealth of experience and knowledge in litigation and securities regulation. I look forward to working closely with him in advancing the SFC’s strong track record in its enforcement work.”

The SFC recently made headlines after it levied a $4 million fine against Yuanta Securities, one of its licensed members, over its failure to disclose actual execution prices that it marked up in connection with nearly 100 client orders in 256 bond market transactions.

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