Three arrested in FCA investigation into organised crime LeapRate

February 15, 2024 BY Elizabeth Anderson

Three arrested in FCA investigation into organised crime

The arrests comprised a significant operation involving more than 38 FCA and NCA officers across three residential sites. During this exercise, the authorities also seized several tech devices. After interviewing the suspects, two were released under investigation and one on unconditional bail. The fourth, a 48-year-old man, also remains under investigation. Don’t miss out the…

October 12, 2018 BY Valentina Kirilova

SFC’s appeal against MMT decision on insider dealing in Asia Telemedia Limited shares allowed

The Court of Final Appeal (CFA) has allowed the Hong Kong Securities and Futures Commission’s (SFC) appeal against the Market Misconduct Tribunal’s (MMT) findings that two former executives of Asia Telemedia Limited (ATML) (now known as Yunfeng Financial Group Limited), Mr Charles Yiu Hoi Ying and Ms Marian Wong Nam, had not engaged in insider…

March 09, 2018 BY Valentina Kirilova

SFC forbids Interactive Brokers Hong Kong Ltd to deal with certain assets

The Hong Kong Securities and Futures Commission (SFC) just informed the public that it has issued a restriction notice to Interactive Brokers Hong Kong Limited (IBHK), prohibiting it from dealing with or processing certain assets held in a client account (the Client Account) which is related to suspected insider dealing in the shares of Bloomage…

September 11, 2017 BY Valentina Kirilova

Hong Kong SFC commences insider dealing prosecution in China CBM shares

The Hong Kong Securities and Futures Commission (SFC) announced that has commenced criminal proceedings in the Eastern Magistrates’ Court today against Mr Au-Yeung Siu Pang over alleged insider dealing in the shares of China CBM Group Company Limited (China CBM) (China CBM was listed on the Growth Enterprise Market of The Stock Exchange of Hong…

June 15, 2015 BY Andrew Saks-McLeod

Former Moody's analyst, along with colleague, convicted in Australia for insider trading in CFDs

Former Moody's associate Daniel Joffe was sentenced to 27 months imprisonment, whilst colleague Nathan Stromer was sentenced to 24 months imprisonment. Both sentences were fully suspended on the condition that they pay a $1,000 bond and be of good behaviour for 2 years. Mr Stromer also paid a pecuniary penalty order in the amount of $229,349.87

December 05, 2014 BY Andrew Saks-McLeod

Former Moody's analyst and associate guilty of insider trading of CFDs

Daniel Joffe and Nathan Stromer admit that 10 and 14 November 2006 inside information was received relating to a proposed takeover of AIH by Alinta Limited, with one party passing it to the other who acquired 962,000 CFDs in AIH.

September 15, 2014 BY Andrew Saks-McLeod

Britain gets tough: Issues jailed insider traders with £3.2 million in confiscation orders

In a break from a tradition in which the vast majority of cases brought against firms and individuals by the FCA are settled prior to action, the British authorities follows America's footsteps in confiscating ill gotten gains from a number of jailed insider dealers

Tag: insider dealing