9 Nov 2017
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 Appeal
- Case number
- CACV33/2016
The Court held s300 applies to a fraudulent scheme encompassing both purchase and subsequent acceptance of a tender offer such that fraud/deception need not be directed at immediate counterparties; where a substantial measure of the activities constituting the offence occurred in Hong Kong (misuse/disclosure of confidential information, deposits, instructions, signatures, acceptance communications), s300 applies even if the securities are listed overseas; s213(2)(b) empowers restoration against a person involved in the matters whether knowingly or otherwise and a restoration order against Ste…