The Securities and Futures Commission (SFC) has issued a circular ordering internet brokers and virtual asset trading platform operators (VATPs) in Hong Kong to abandon one-time passwords (OTPs) in favour …
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The Securities and Futures Commission (SFC) has issued a circular ordering internet brokers and virtual asset trading platform operators (VATPs) in Hong Kong to abandon one-time passwords (OTPs) in favour …
The application follows the Trust and Corporate Service Provider (TCSP) licence from the Company Registry in Hong Kong, the group recently obtained, allowing it to offer virtual assets custody services. …
When a trader told a client that CGMAL advertised facilitation flow using "Natural" IOIs, Shaw instructed the trader to deceive clients about the source of liquidity behind such IOIs. Furthermore, …
Furthermore, futures brokers would be required to insist on collecting outstanding margin calls from clients who failed to meet two margin calls by the settlement deadline in the preceding 30 …
Hong Kong’s Financial Services and Treasury Bureau said in a statement: We recognise VA is here to stay, given how it has attracted attention of global investors and is increasingly …
The SFC noted that Kwong Shing admitted that from 2 August 2013 to 16 December 2013 he used two of his client’s securities accounts and made eight stocks transactions without …
The SFC alleges that the syndicate members organised and executed the schemes in the shares of two Hong Kong-listed companies through different social media platforms. They manipulated the trading of …
Afterwards, Lam transfered these amounts from the payroll accounts back into his mother’s personal bank account without the knowledge or authorisation of the five customers. According to the financial markets …
The SFC noted that in practice CESHK failed to manage and invest the funds' assets and investments on a discretionary basis as required by the regulator. Instead, the decision when …
SFC stated in the official announcement: The investigation also revealed that Poon failed to take reasonable steps to establish three clients’ financial situations and investment experience during account opening between …
