Doo Financial Acquires Hong Kong SFC License To Trade Securities LeapRate

March 15, 2024 BY Simon Mugo

Doo Financial Acquires Hong Kong SFC License To Trade Securities

The acquisition of the Type 1 license came after a thorough review of Doo Financial's operational framework, financial health, corporate governance practices, and the qualifications of its team, highlighting the firm's dedication to maintaining stringent compliance with regulatory standards. Armed with this new license, Doo Financial HK Limited is now equipped to carry out a…

March 14, 2024 BY Simon Mugo

Hong Kong’s SFC Warns Investors Against ByBit, a Crypto Broker

The regulatory body specifically pointed out various offerings from Bybit, such as futures contracts, options, leveraged tokens, and other cryptocurrency-related services. These offerings have been promoted to Hong Kong's investors without the necessary regulatory approval, which could subject them to considerable financial jeopardy. In Hong Kong, transactions involving crypto-related products are classified as regulated activities…

March 23, 2020 BY Steffy Bogdanova

Hong Kong SFC bans former account executive of China Pacific Securities Ltd for life

The former account executive sold, without authorization, stolen shares on the open market. She used a nominee client accounts held at China Pacific in the names of her family members. Afterwards, the earnings were paid into the relatives' bank accounts over which Mo had control. Mo also conspired with a former settlement clerk of China Pacific, Hui Fong…

January 13, 2020 BY Valentina Kirilova

FinTech company TigerWit receives Hong Kong SFC licence

UK-headquartered global fintech firm TigerWit has announced today that it has been accredited with a Financial Services licence from Hong Kong’s Securities and Futures Commission. Financial innovation in Asia and demand for access to financial markets is growing rapidly and Hong Kong is a major global financial hub. Tim Hughes, CEO at TigerWit commented on the…

December 30, 2019 BY Valentina Kirilova

Hong Kong SFC fines FIL Investment Management Ltd HK$3.5m for regulatory breaches

The Hong Kong Securities and Futures Commission (SFC) has announced that it has fined FIL Investment Management (Hong Kong) Limited (FIMHK) HK$3.5 million for regulatory breaches including unlicensed dealing in futures contracts, delay in reporting the breach to the SFC as well as submitting incorrect information during an application. According to the regulator, the company…

August 27, 2019 BY Valentina Kirilova

GEM-listed Ching Lee Holdings Limited shares manipulated

The Hong Kong Securities and Futures Commission (SFC) has commenced proceedings against a group of local and overseas investors suspected of manipulating the shares of GEM-listed Ching Lee Holdings Limited (Ching Lee) through a large scale and highly organised manipulative scheme. The proceedings were initiated on 11 July 2019 when the SFC applied for urgent…

August 16, 2019 BY Valentina Kirilova

Dutch AFM signs MoU with Hong Kong SFC

The Dutch Authority for the Financial Markets (AFM) announced earlier today that it has signed a Memorandum of Understanding on Mutual Recognition of Funds (MoU) with the Hong Kong Securities and Futures Commission (SFC). Dutch Undertakings for Collective Investment in Transferable Securities (UCITS) and Hong Kong Collective Investment Schemes (CIS) will now be available for…

July 22, 2019 BY Valentina Kirilova

Ex-Convoy Global Executive Directors and broker’s general manager charged with fraud

Hong Kong regulator SFC has announced earlier today that the ICAC has just charged five other individuals with conspiracy to defraud. This news comes right after the ICAC charged Mr Cho Kwai Chee, a former executive director of Convoy Global Holdings Limited (Convoy Global), formerly known as Convoy Financial Holdings Limited, with conspiracy to defraud…

December 28, 2018 BY Valentina Kirilova

Hong Kong SFC adds Century International Bullion Limited to its alert list

Hong Kong’s financial regulator the Securities and Futures Commission (SFC) has updated its Alert List, which features the names of businesses that are unlicensed in Hong Kong and are believed to be, or to have been, targeting Hong Kong investors or claim to have an association with Hong Kong. Added to the SFC Alert List…

December 27, 2018 BY Valentina Kirilova

Hong Kong SFC fines Ardon Maroon Fund Management $800,000

The Hong Kong Securities and Futures Commission (SFC) has informed the public that it has fined Ardon Maroon Fund Management (Hong Kong) Limited (Ardon Maroon) (now known as China Silver Asset Management (Hong Kong) Limited) $800,000 for cross-trade related failures in managing the Ardon Maroon Asia Master Fund (AM Fund). The complete announcement can be…

Tag: Hong Kong SFC