21 Dec 2018
SECURITIES AND FUTURES COMMISSION v. AN UNKNOWN PERSON OR PERSONS PURPORTING TO CARRY ON A SECURITIES AND/OR FUTURES TRADING BUSINESS KNOWN AS DOYLE HUTTON ASSOCIATES AND ANOTHER
- Citation
- [2018] HKCFI 2814
- Court
- Court of First Instance
- Case number
- HCA2898/2015
Evidence established that the 1st Defendants issued electronic advertisements and held themselves out as carrying on regulated activities without licences (contravening s 109(1) and s 114(1)(b)), and the account‑holding companies received and handled the proceeds such that they aided, abetted or were knowingly involved; accordingly the court, applying the broad discretionary remedial power in s 213 and having satisfied the desirability and fairness requirements, made declarations and granted injunctions, freezing and restitution orders and appointed an administrator with consequential directi…