McWalters, Ian Charles 麥偉德
MMT sanctions Mayer (1116) and its former senior management for late disclosure of inside information
| MMT Report
SFC, 21-Dec-2023
Once again the MMT has, wrongly in our view, fined a listed company for the failures of its directors, thereby punishing the shareholders from whom information was withheld. The MMT writes that the company's "culpability was its failure to have in place policies and guidelines" - but that is, of course, a failure of the directors to put those in place.
SFC, 21-Dec-2023
Once again the MMT has, wrongly in our view, fined a listed company for the failures of its directors, thereby punishing the shareholders from whom information was withheld. The MMT writes that the company's "culpability was its failure to have in place policies and guidelines" - but that is, of course, a failure of the directors to put those in place.
MMT finds Mayer (1116) and its former senior management liable for late disclosure of inside information
| MMT report
SFC, 9-Aug-2023
This was on the second attempt, after an earlier tribunal in 2017 (with a different Chairman and the same 2 lay-members) was found by the Court of Appeal to have erred in law. The previous Chairman, Kenneth Kwok Hing Wai, became too ill to proceed with the remitted hearing. The events date back to 2012.
SFC, 9-Aug-2023
This was on the second attempt, after an earlier tribunal in 2017 (with a different Chairman and the same 2 lay-members) was found by the Court of Appeal to have erred in law. The previous Chairman, Kenneth Kwok Hing Wai, became too ill to proceed with the remitted hearing. The events date back to 2012.
SFAT affirms SFC decision to fine I-Access Investors Ltd HK$600k over breach of the Code of Conduct
| SFAT Decision
SFC, 14-Mar-2023
Over a long Easter and Ching Ming 2015 weekend and without forewarning, on Easter Monday, HKEX sent out random stock data as part of a system test, and I-Access, which had not disconnected its feed, took the data and triggered stop-loss orders when the market reopened on the Wednesday. Incidentally, 2 data providers, Bloomberg and AA Stocks, also took the bad data.
SFC, 14-Mar-2023
Over a long Easter and Ching Ming 2015 weekend and without forewarning, on Easter Monday, HKEX sent out random stock data as part of a system test, and I-Access, which had not disconnected its feed, took the data and triggered stop-loss orders when the market reopened on the Wednesday. Incidentally, 2 data providers, Bloomberg and AA Stocks, also took the bad data.
Ms Leung Yuk Kit v SFC
SFAT, 25-Apr-2022
This preliminary ruling confirms that the SFC's announcement of 18-Feb-2021 to freeze 54 accounts at 13 brokers relates to an alleged pump & dump scheme on Macau E&M (1408) as we said a the time.
SFAT, 25-Apr-2022
This preliminary ruling confirms that the SFC's announcement of 18-Feb-2021 to freeze 54 accounts at 13 brokers relates to an alleged pump & dump scheme on Macau E&M (1408) as we said a the time.
HKSAR v Ivan Chan Man Sum
HK Court of Appeal, 9-Feb-2022
Mr Chan is awarded the costs of his 2nd trial (to the extent of his contribution to legal aid) and his successful appeal. He had already spent about HK$4m on his first trial.
HK Court of Appeal, 9-Feb-2022
Mr Chan is awarded the costs of his 2nd trial (to the extent of his contribution to legal aid) and his successful appeal. He had already spent about HK$4m on his first trial.
HKSAR v Ivan Chan Man Sum
HK Court of Appeal, 8-Jun-2021
Following the second trial, Mr Chan's conviction for murder is again quashed, this time because, although he admitted the killing, Judge Anthea Pang Po Kam failed to direct the jury on the partial defence of provocation and the alternative verdict of manslaughter. A retrial is ordered.
HK Court of Appeal, 8-Jun-2021
Following the second trial, Mr Chan's conviction for murder is again quashed, this time because, although he admitted the killing, Judge Anthea Pang Po Kam failed to direct the jury on the partial defence of provocation and the alternative verdict of manslaughter. A retrial is ordered.
HKSAR v Ivan Chan Man Sum
HK Court of Appeal, 26-Jul-2017
Mr Chan's 2015 conviction is quashed due to a jury misdirection by Deputy High Court Judge Michael Stuart-Moore (who was a Court of Appeal Vice President until retirement in 2009), and a retrial is ordered.
HK Court of Appeal, 26-Jul-2017
Mr Chan's 2015 conviction is quashed due to a jury misdirection by Deputy High Court Judge Michael Stuart-Moore (who was a Court of Appeal Vice President until retirement in 2009), and a retrial is ordered.
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