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 SHEPHERDS HILL PARTNERS AND USING THE WEBSITE WWW.SHEPHERDSHILLHK.COM AND OTHERS
- Citation
- [2021] HKCFI 1444
- Court
- Court of First Instance
- Case number
- HCA2512/2014
On the pleaded facts and in the absence of any defence or contest, the Court was satisfied that the websites and associated conduct amounted to holding out as licensed providers and to fraudulent/deceptive devices employed in transactions involving securities and futures (contravening ss.109,114,300 SFO); substituted service was adequate and justice required declaratory, injunctive, freezing and restitutionary relief under s.213 SFO including appointment of administrators to distribute frozen funds pro rata to victims; corporate defendants who facilitated receipt and dispersal of investor fun…