On January 30, 2012, Hong Kong Securities & Futures Commission (SFC) published that the Eastern Magistracy today convicted a futures trader, Mr Tsoi Bun, after a retrial of five charges of manipulating the calculated opening prices (COP) of index futures contracts in the futures market following his acquittal two years ago (Note 1). Tsoi was sentenced to six months imprisonment to be suspended for two years; fined $500,000 and ordered to pay the Securities and Futures Commission (SFC)’s investigation costs. The retrial was ordered by the Court of First Instance following an application by the SFC for a review of the acquittal by the Eastern Magistracy in January 2010 (Note 2).

The original article can be found at Hong Kong Securities & Futures Commission.