HKSAR Digital 21 Strategy Advisory Committee

US SEC charges 8 people and 3 companies in US$33m international microcap fraud
US SEC, 1-Feb-2011
Those charged in the civil fraud case include Bernard Chan Kwong-chung, who runs an SFC-licensed financial adviser called Nuada Ltd, which has been criticised numerous times on Webb-site, and Daniel Ng Chi-shing, a member of the Hong Kong Government's Digital 21 Strategy Advisory Committee. Ng has agreed to be barred from acting as an officer or director of a public reporting company, and his company agreed to pay US$200k in disgorgement. Chan has not settled. Postscript: Mr Ng resigned from D21SAC on 16-Feb-2011.

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