12 May 2021
SECURITIES AND FUTURES COMMISSION v. AN UNKNOWN PERSON OR PERSONS PURPORTING TO CARRY ON A SECURITIES AND/OR FUTURES TRADING BUSINESS KNOWN AS RICH FUTURES (HK) LIMITED AND USING THE WEBSITE WWW.RICHFUTURESHK.COM AND ANOTHER
- Citation
- [2021] HKCFI 1444
- Court
- Court of First Instance
- Case number
- HCA2513/2014
On the pleaded facts and given substituted service the Court was satisfied the SFC had established a strong and compelling case that (i) the 1st Defendants held themselves out as carrying on regulated activities and issued advertisements while unlicensed (ss.109,114), and employed fraudulent/deceptive schemes in transactions involving securities/futures (s.300); (ii) the corporate defendants who received and moved funds were complicit by aiding/abetting or being knowingly involved; and (iii) in the exercise of discretion under O.19 r.7 and s.213 the declaratory, injunctive, freezing, restitut…