The Hong Kong Securities and Futures Commission (SFC) continues to make progress in stamping out insider dealing with two significant events in recent months, according to the regulator's 'Enforcement Reporter,' published Friday.
In July, the Court handed down the first criminal conviction for insider dealing and in the same month, criminal charges for insider dealing were laid against a former investment banker following his arrest.
The SFC has also achieved significant efficiency gains with nearly 80% of investigations now being completed within seven months.
The latest issue also highlights the commencement of criminal proceedings against individuals for conspiring to manipulate the market and the SFC’s continued efforts to deter “marking the close” trading activities.
The Enforcement Reporter is a newsletter which highlights key enforcement outcomes and issues and is available to the public on a subscription basis.
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