Most Wanted: Hong Kong’s SFC seeks information from the public about “persons of interest”

Maria Nikolova

A new webpage on the SFC website aims to encourage the public to submit information about “persons of interest” and people subject to arrest warrants.

Hong Kong’s Securities and Futures Commission (SFC) has redesigned its website adding new pages, which aim to encourage the public to report fraud and to provide information about people the Hong Kong authorities are looking for.

Members of the public can now fill in an online form to report information via a new “Reporting corporate fraud and market misconduct” page. The regulator expects reports about activities that pose threats to the Hong Kong markets. To tackle these threats efficiently, the SFC appreciates credible, timely and actionable intelligence about the following activities:

  • Listed company fraud or misconduct;
  • Insider dealing;
  • False trading;
  • Stock market manipulation;
  • Price rigging;
  • Disclosure of false or misleading information inducing transactions.

In addition, there is a new website section named “Have you seen these people?”, which provides more details about key suspects the SFC is trying to locate as well as an online form which can be used to submit information about the whereabouts of these individuals.

Where the reported information points to evidence outside Hong Kong, the SFC may seek investigative or other assistance from its regulatory counterparts in other jurisdictions. Reports may be made anonymously. However, members of the public who provide information are encouraged to provide contact information so the SFC may follow up.

The list of people subject to arrest warrants includes four individuals charged with crimes such as insider dealing and market manipulation.

SFC’s list of people subject to arrest warrants

The list of persons of interest includes the names of six individuals. The SFC says it is trying to contact these people who it believes have information relevant to a current inquiry. The inquiries related to fraud and unlicensed activities.

In terms of enforcement, the latest quarterly report available – for the three-month period from April to June 2018, says that the SFC disciplined five licensed corporations and three representatives, resulting in total fines of $83.5 million. Citigroup Global Markets Asia Limited was reprimanded and fined $57 million for failings in its sponsor work on the listing application of Real Gold Mining Limited.

With regard to market surveillance, the SFC, made 2,152 requests for trading and account records from intermediaries triggered by untoward price and turnover movements.

Read this next

blockdag

Top Bullish Crypto: Fetch.ai & Pepe Coin Price Surge, But BlockDAG Sees Investor Rush as X Series Miners Stand Out

Compare Fetch.ai (FET) Bull Run, Pepe Coin price, and top bullish crypto BlockDAG. Discover why BlockDAG’s innovation and growth potential make it the best choice.

Digital Assets

Coinbase resumes XRP trading in New York after nine-month hiatus

Coinbase has resumed trading for XRP in New York, the company’s chief legal officer, Paul Grewal, announced on Thursday. This comes after a nine-month suspension of the cryptocurrency on the exchange due to regulatory scrutiny.

Institutional FX

Swissquote joins Fortex Hub to expand liquidity distribution

ECN trading platform and technology provider, Fortex Inc. has announced a new integration with Swissquote Group, Switzerland’s provider of online trading services.

Chainwire

Multipool Enters Partnership with Mobilum Offering Users Fiat to DeFi On/Off Ramp

Multipool, a leading innovator in the blockchain and cryptocurrency industry announces a corporate partnership with Mobilum.

Retail FX

IC Markets taps TipRanks’ trading research tools

Sydney-based IC Markets has completed integration of TipRanks’s rating tools, which ranks analysts and financial bloggers based on their picks’ performance analysis, in a bid to provide its clients with new research capabilities.

Digital Assets

Gate.io shelves plan to operate in Hong Kong

Gate Digital Ltd (Gate HK) announced it is winding down operations and has withdrawn its application for a crypto trading platform license in Hong Kong.

Chainwire

Sui and Mesh Combine Forces to Bring Simplified Transactions Across the Sui Ecosystem

With the addition of the Mesh platform, Sui Wallet will achieve product parity with the world’s largest self-custody wallets, while Mesh now natively supports the SUI token

Market News, Tech and Fundamental, Technical Analysis

EURGBP Technical Analysis Report 23 May, 2024

EURGBP currency pair can be expected to rise further toward the next resistance level 0.8560.

Digital Assets

Bybit denies financial woes and hacking rumors

Ben Zhou, CEO of Dubai-based cryptocurrency exchange Bybit, has refuted circulating rumors that the platform has been hacked or is insolvent. Zhou addressed the speculations in a post on the social media platform X.

<