15 Jan 2016
THE SECURITIES AND FUTURES COMMISSION v. YOUNG BIK FUNG AND OTHERS
- Citation
- THE SECURITIES AND FUTURES COMMISSION v. YOUNG BIK FUNG AND OTHERS
- Court
- Court of First Instance
- Case number
- HCMP2575/2010
On the civil standard the Court found compelling circumstantial and documentary evidence that Betty, Eric and Patsy traded on confidential material price sensitive information in the Hsinchu Bank and AsiaSat matters; s.300 applies to fraudulent or deceptive schemes employed in transactions involving securities including offers made in Hong Kong even where the security is traded overseas, and s.291(5) covers AsiaSat dealings; therefore declarations of contravention and remedial relief under s.213 are appropriate and the court will exercise restorative powers against the defendants (including a…