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SFC issues restriction notices to two brokerages to freeze accounts of client involved in suspected corporate misconduct
There's no disclosure of the listed company involved. Our database records that both of the brokers acted as placing agents to companies in the "Enigma Network" up to 2016. The brokers are not under investigation, but an individual client is suspected of breaching his duties to a listed company. The Notices are remarkably brief, no longer referring to a "Statement of Reasons", which the SFC has stopped publishing anyway, probably because we kept figuring out the identities of persons involved. The "specified amount" involved is not disclosed either.
- China Gather Wealth Financial Company Limited
- Power Financial Group Limited
- Power Securities Company Limited
- SECURITIES AND FUTURES COMMISSION