Mantel, Andrew Pieter 莫昂迪
Pacific Sun Advisors Ltd & Andrew Pieter Mantel v SFC
HK Court of Final Appeal, 20-Mar-2015
The appellants win. "There is nothing to suggest the legislative purpose of section 103(3)(k) is to protect retail investors from wasting their time or, alternatively, against having their investment appetites whetted." The CFA rules that if it can be shown that the issuer has adopted screening procedures to restrict the fund to "professional investors", then the exemption for advertisements "in respect of" such products applies, whether or not the advertisement makes the intent clear.
HK Court of Final Appeal, 20-Mar-2015
The appellants win. "There is nothing to suggest the legislative purpose of section 103(3)(k) is to protect retail investors from wasting their time or, alternatively, against having their investment appetites whetted." The CFA rules that if it can be shown that the issuer has adopted screening procedures to restrict the fund to "professional investors", then the exemption for advertisements "in respect of" such products applies, whether or not the advertisement makes the intent clear.
CFA grants leave to Andrew Pieter Mantel & Pacific Sun Advisors to appeal
| CFA ruling
SFC, 30-Sep-2014
SFC, 30-Sep-2014
Pacific Sun Advisors Ltd and Andrew Pieter Mantel convicted of issuing unauthorized ads
SFC, 10-Jun-2014
SFC, 10-Jun-2014
Court of First Instance overturns acquittals, orders Magistrate to reconsider unauthorized advertisements case
| Judgment
SFC, 27-Jan-2014
SFC, 27-Jan-2014
SFC commences criminal proceedings against Pacific Sun Advisors Ltd and Andrew Pieter Mantel for alleged unauthorised investment ads
SFC, 6-Sep-2012
SFC, 6-Sep-2012
SFC suspends Pacific Sun Investment Management (HK) Ltd & Andrew Pieter Mantel for 1 month, fines them HK$50k each
SFC, 2-Aug-2004
SFC, 2-Aug-2004
SFC reprimands Pacific Sun Investment Management & Andrew Pieter Mantel for breaches of FRR and other rules
SFC, 12-Dec-2002
SFC, 12-Dec-2002
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