In this article
MMT sanctions Yorkey Optical (2788), its CEO and Financial Controller for late disclosure of Inside Information | SFO s307Z
SFC, 28-Feb-2017
The CEO and company are each fined HK$1m. Ironically then, shareholders are paying for not being told about Inside Information. The HK Treasury gets HK$2m, but 115 investors who overpaid by HK$1.53m during a 13-week period get nothing. The SFC could claim for them under SFO s213, but has not. It appears investors in small-caps are on their own, and must make their own claims under SFO s307Z.
Organisations
- SECURITIES AND FUTURES COMMISSION 證券及期貨事務監察委員會
- Yorkey Optical International (Cayman) Ltd. 精熙國際(開曼)有限公司
People
- Kwan, Vincent Po Chuen 關保銓
- Kwok, Kenneth Hing Wai 郭慶偉
- Nagai, Michio 永井三知夫
- Ng, Jeffrey Chi Ching 吳子正
- Young, Ann S H
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