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CryptoCurrency

Hong Kong’s First Crypto Futures EFTs Raise $73.6M Ahead of Launch

  • The ETFs are expected to be launched at HK$780 per unit on Friday.
  • Hong Kong's SFC decided to permit crypto EFTs less than two months ago.
Thursday, 15/12/2022 | 13:42 GMT by Solomon Oladipupo
Retail FX

Hong Kong’s SFC Proposes Risk Management Rules for Futures Brokers

  • The regulator proposed several mechanisms to mitigate future dealing risks.
  • It will accept the industry feedback until 31 January 2023.
Friday, 25/11/2022 | 10:35 GMT by Arnab Shome
Retail FX

Hong Kong Court Convicts ex-Fulbright Securities Account Exec of Fraud

  • A client lost $48,321 as a result of the fraud.
  • Hong Kong's SFC slammed a life-long industry ban on Kwong Shing five years ago.
Friday, 14/10/2022 | 13:00 GMT by Solomon Oladipupo
Brokers

Hong Kong’s SFC Finds Several Compliance Lapses at Online Brokerages

  • It surveyed 50 licensed corporations.
  • Online brokers have opened 96% of accounts in the past year through non-face-to-face onboarding processes.
Wednesday, 31/08/2022 | 10:24 GMT by Arnab Shome
Institutional FX

Asian Wealth Management Unit of RBC Fined HK$7.7M in Hong Kong

  • The company mishandled client assets on several occasions.
  • However, it did not dispute regulatory findings and actions.
Wednesday, 20/07/2022 | 10:31 GMT by Arnab Shome
Institutional FX

Hong Kong’s SFC Imposes a Ban on Former Standard Chartered Executive

  • Lam Ki Fung was banned for three years from re-entering the financial industry.
  • He was found guilty of committing fraud between April and December 2017.
Monday, 18/07/2022 | 17:23 GMT by Felipe Erazo
Institutional FX

SFC Fines CES Capital International HK$3.2 Million

  • The company failed to discharge its duties as an investment manager of two funds.
  • CESHK cooperated with the SFC during the investigation.
Monday, 27/06/2022 | 21:22 GMT by Felipe Erazo
Analysis

Forex in Hong Kong. CFDs Are Banned, but Traders Seek Other Options

  • Hong Kong is considered one of the most expensive places to live.
  • Thus, the average retail trader here has a deep pocket, cPattern data shows.
Thursday, 23/06/2022 | 08:44 GMT by Damian Chmiel
News

MaiCapital Gets Hong Kong SFC’s Nod to Manage 100% Digital Asset Funds

  • The company manages two actively managed blockchain-themed hedge funds.
  • Until now, it operated with SFC’s Type 4 and Type 9 licenses.
Tuesday, 12/04/2022 | 09:56 GMT by Arnab Shome
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
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