22 Apr 2020
SECURITIES AND FUTURES COMMISSION v. WONG KAM LEONG AND OTHERS
- Citation
- [2020] HKCFI 606
- Court
- Court of First Instance
- Case number
- HCMP667/2018
Section 214 of the SFO is engaged because Long Success (a listed corporation) had its affairs conducted with misconduct, lack of disclosure and unfair prejudice to members. The Relevant Respondents breached duties by negligent oversight, failure to make enquiries, allowing domination by R1, approving prejudicial confirmations and making misleading confirmations to the exchange. Given admissions, mitigation through agreement and the public protection/deterrence aims, disqualification periods as agreed are justified: R3 five years; R6 thirty months (with carve-out); R7 thirty months; R8 two yea…