Hong Kong’s Court of Appeal ruled that the Securities and Futures Commission can proceed with its case against Tiger Asia for alleged insider trading.
The commission has launched an appeal against a not guilty verdict for Liang Jiang on 13 market manipulation charges during a six-month period in the 2008 global financial crisis.
The regulator says Merrill failed to assess the objectives of investors. It also fines Core Pacific-Yamaichi International (HK) over the sale of Lehman-related structured products.
The number of firms or individuals holding a licence from the Securities and Futures Commission has exceeded the previous record set in November 2008.
The new code for unit trusts wins broad support, but question marks remain over fund statements and the use of VaR for valuing derivatives.
An investigation in Hong Kong fines two executive directors over 'wash' trades stemming from a client's decision to lighten a margin call.
The Securities and Futures Commission imposes a penalty of HK$3.5 million for mis-marking.
Martin Wheatley of Hong Kong's Securities and Futures Commission observes how the industry is at two potential tipping points: one progressive, the other reactionary.
Hong Kong's regulator, in its first ever such move, is looking to prohibit the US asset manager from dealing in all listed securities and derivatives following further ...