5 Feb 2021
SECURITIES AND FUTURES COMMISSION v. CHIU DUNCAN AND ANOTHER
- Citation
- [2021] HKCFI 302
- Court
- Court of First Instance
- Case number
- HCMP458/2018
On the agreed facts the transfers of HK$61 million without proper board authorisation, the retention of unused monies without security, arbitrary apportionment of IPO allocations and misleading disclosures amounted to "other misconduct" under s214(1)(b); having assessed seriousness and mitigation the court ordered disqualification for 4 years against the 1st respondent and 3 years against the 2nd respondent and granted leave for the 1st respondent to continue in six specified roles where risks were limited and the Commission consented.