9 Nov 2021
SECURITIES AND FUTURES COMMISSION v. YIK FONG FONG AND OTHERS
- Citation
- [2021] HKCFI 3351
- Court
- Court of First Instance
- Case number
- HCA2524/2016
On the proved facts the court found Yik was a connected person with access to specific, price‑sensitive inside information about the TeleEye takeover and that she knowingly traded by placing orders through D2/D3 accounts; D2 and D3 received the inside information from Yik, knew she was connected and traded accordingly; all elements of insider dealing under ss.270(1)(a)(i)/(e)(i) and corresponding civil provisions were established and s.213 relief is appropriate though disgorgement recipients and form of account are to be determined at an adjourned hearing.