Hong Kong: Licensed broker convicted of one charge of false trading
Posted by nileshkokane on 30 January, 2012
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This item was filled under [ Asia, Financial Regulators ]
Hong Kong Securities & Futures Commission (SFC) published that the a licensed broker Mr Chan Yuk Hing was convicted on January 26, 2012, on of one charge of false trading after he pleaded guilty at the Eastern Magistrates’ Court (Note 1). Magistrate Mr Symon Wong Yu-wing remanded Chan in custody for sentencing on 13 February 2012. The charge relates to trading in shares of Multifield International Holdings Limited on 23 November 2009 and allegations that Chan was involved in fixing a price that was 300% higher than the prevailing market price on the same day.
The original article can be found at Hong Kong Securities & Futures Commission.
