Articles: Insider dealing
Personal assistant to listed company's chairman convicted of insider dealing
SFC, 26-Oct-2023
Mr Wong Pak Wai is sentenced to 240 hours of community service and fined HK$25k after pleading guilty. He made a gain of HK$19,080 from insider dealing in the shares of Elec & Eltek (ex-1151) on its privatisation by Kingboard (0148).
SFC, 26-Oct-2023
Mr Wong Pak Wai is sentenced to 240 hours of community service and fined HK$25k after pleading guilty. He made a gain of HK$19,080 from insider dealing in the shares of Elec & Eltek (ex-1151) on its privatisation by Kingboard (0148).
SFC obtains court order to freeze assets of suspected insider dealers of I.T (ex-0999) shares
SFC, 2-May-2023
Ms Tsang Ching Yi is suspected to have tipped off Barry Kwok Sze Lok about the impending privatisation of I.T in 2021, learned from her work at an unnamed investment bank, netting a profit of HK$4.1m. We note that a person of her name was briefly licensed at Morgan Stanley Asia Ltd in 2005 and may have continued to work there. That firm was the Financial Adviser to the offeror in the privatisation.
SFC, 2-May-2023
Ms Tsang Ching Yi is suspected to have tipped off Barry Kwok Sze Lok about the impending privatisation of I.T in 2021, learned from her work at an unnamed investment bank, netting a profit of HK$4.1m. We note that a person of her name was briefly licensed at Morgan Stanley Asia Ltd in 2005 and may have continued to work there. That firm was the Financial Adviser to the offeror in the privatisation.
Court orders insider dealers to pay HK$12.9m to 63 investors
| Judgment
SFC, 16-Feb-2022
Comment: the investors are lucky as they were auto-matched by the Stock Exchange to buy-orders from the insider dealers. Other investors who sold to other persons at or around the same time will not receive any compensation for selling at a price which did not reflect the Inside Information.
SFC, 16-Feb-2022
Comment: the investors are lucky as they were auto-matched by the Stock Exchange to buy-orders from the insider dealers. Other investors who sold to other persons at or around the same time will not receive any compensation for selling at a price which did not reflect the Inside Information.
MMT sanctions Cheng Chak Ngok for insider dealing in China Gas (0384) in 2011
| MMT report
SFC, 11-Jun-2021
Another long-running case comes to a close, following a retrial after the first MMT hearing wrongly used the criminal rather than civil standard of proof and cleared him.
SFC, 11-Jun-2021
Another long-running case comes to a close, following a retrial after the first MMT hearing wrongly used the criminal rather than civil standard of proof and cleared him.
Court acquits solicitor Leung Pak Keung of insider dealing in CASH Financial Services (0510)
SFC, 9-Apr-2021
SFC, 9-Apr-2021
MMT sanctions Charles Yiu Hoi Ying & Marian Wong Nam, ex-Asia Telemedia Ltd (0376)
| MMT report
SFC, 7-Apr-2021
For insider dealing in 2007. After the MMT wrongly cleared them in 2015, the SFC took the case all the way to the Court of Final Appeal and won.
SFC, 7-Apr-2021
For insider dealing in 2007. After the MMT wrongly cleared them in 2015, the SFC took the case all the way to the Court of Final Appeal and won.
Court upholds jail sentence against Au-Yeung Siu Pang, ex finance manager of China CBM (8270) for insider dealing
| Judgment (Chinese)
SFC, 11-Jan-2021
SFC, 11-Jan-2021
Mr Chow Chiu Chi, CoSec of China Automation (0569, privatised), jailed for 45 days for insider dealing
SFC, 11-Jan-2021
SFC, 11-Jan-2021
Mr Chow Chiu Chi, CoSec of China Automation (0569, privatised), convicted of insider dealing
SFC, 17-Dec-2020
SFC, 17-Dec-2020
MMT finds Li Yik Shuen culpable of insider dealing in Meadville shares
| MMT report
SFC, 14-Dec-2020
Tom Tang Chung Yen, former Meadville Chairman and brother of former Chief Secretary Henry Tang, is cleared because the MMT is not satisfied that he intended to tip her off. The appendix (PDF p140) reveals 5 years of delays by the Department of Justice from 2013-2018 before deciding that a criminal prosecution could not be brought.
SFC, 14-Dec-2020
Tom Tang Chung Yen, former Meadville Chairman and brother of former Chief Secretary Henry Tang, is cleared because the MMT is not satisfied that he intended to tip her off. The appendix (PDF p140) reveals 5 years of delays by the Department of Justice from 2013-2018 before deciding that a criminal prosecution could not be brought.
MMT finds insider dealing by Mr Cheng Chak Ngok in China Gas (0384) shares
| MMT report
SFC, 10-Dec-2020
SFC, 10-Dec-2020
Ken Yiu Ka Lun, ex-HKTV (1137) jailed for 2.5 months, fined HK$165k for insider dealing
SFC, 7-Nov-2019
SFC, 7-Nov-2019
SFC bans Wang Can, ex-China Galaxy, for 30 months, fines him HK$7,800
SFC, 16-May-2019
He was privy to information on a transaction by Linmark (now Daohe, 0915) and bought 40,000 shares, on which he made a profit of $7,800 ($0.195 per share) when he sold them on 5-Dec-2014, 2 days after the transaction was announced. The stock price ranged from $0.68-0.76 that day. It is unclear why he was not charged with Insider Dealing.
SFC, 16-May-2019
He was privy to information on a transaction by Linmark (now Daohe, 0915) and bought 40,000 shares, on which he made a profit of $7,800 ($0.195 per share) when he sold them on 5-Dec-2014, 2 days after the transaction was announced. The stock price ranged from $0.68-0.76 that day. It is unclear why he was not charged with Insider Dealing.
CFA dismisses Cheng Chak Ngok's application for leave to appeal
SFC, 26-Apr-2019
The case now goes back to a new Market Misconduct Tribunal. The first one cleared him but used the wrong standard of proof, criminal rather than civil.
SFC, 26-Apr-2019
The case now goes back to a new Market Misconduct Tribunal. The first one cleared him but used the wrong standard of proof, criminal rather than civil.
SFC prosecutes solicitor Leung Pak Keung, alleges insider dealing in CASH Financial Services (0510)
SFC, 11-Apr-2019
SFC, 11-Apr-2019
Au-Yeung Siu Pang, ex-finance manager of China CBM (8270) jailed 4 months for insider dealing
SFC, 19-Feb-2019
SFC, 19-Feb-2019
Inside Job: evidence from the Chinese housing market
SSRN, 9-Dec-2018
A trove of data from the Beijing Housing Provident Fund shows that government officials, particularly those who are senior and closer to the decision-making process, are more likely than non-officials to buy housing before policy changes to restrict purchases are announced.
SSRN, 9-Dec-2018
A trove of data from the Beijing Housing Provident Fund shows that government officials, particularly those who are senior and closer to the decision-making process, are more likely than non-officials to buy housing before policy changes to restrict purchases are announced.
CFA allows SFC's appeal against MMT decision on insider dealing in Asia Telemedia Ltd
SFC, 12-Oct-2018
By a 4:1 majority, the Court of Final Appeal overturns the Court of Appeal's ruling which upheld the MMT decision. That's a victory for common sense - the defence that the insiders were selling to take advantage of a bubble holds no water when, if the company's financial difficulties had been known, its stock price would have been lower. By that test, they were "using" the Inside Information.
SFC, 12-Oct-2018
By a 4:1 majority, the Court of Final Appeal overturns the Court of Appeal's ruling which upheld the MMT decision. That's a victory for common sense - the defence that the insiders were selling to take advantage of a bubble holds no water when, if the company's financial difficulties had been known, its stock price would have been lower. By that test, they were "using" the Inside Information.
SFC v Cheng Chak Ngok & MMT
| SFC announcement
HK Court of Appeal, 10-Sep-2018
The court rules that the MMT, chaired by Garry Tallentire, was "plainly wrong when it found that Mr Cheng had not engaged in market misconduct by insider dealing" in China Gas (0384) shares, because it had applied a criminal standard of proof (beyond reasonable doubt) rather than the civil standard (on a balance of probabilities). The court sends the matter back to a differently constituted MMT panel.
HK Court of Appeal, 10-Sep-2018
The court rules that the MMT, chaired by Garry Tallentire, was "plainly wrong when it found that Mr Cheng had not engaged in market misconduct by insider dealing" in China Gas (0384) shares, because it had applied a criminal standard of proof (beyond reasonable doubt) rather than the civil standard (on a balance of probabilities). The court sends the matter back to a differently constituted MMT panel.
SFC investigates insider dealing in shares of Bloomage BioTech (privatised)
| CCASS holding history
SFC, 9-Mar-2018
SFC, 9-Mar-2018
Court orders Titan’s former senior executive and his mother to compensate investors over insider dealing in Titan shares
SFC, 23-Feb-2018
SFC, 23-Feb-2018
SFC commences insider dealing prosecutions over IDS privatisation
SFC, 9-Jun-2017
Mr Lam Yik Tung is alleged to have tipped his friends in Aug-2010. According to Webb-site Who's Who, he worked for BNP Paribas until 17-Apr-2014. BNP Paribas was the independent financial adviser to Li & Fung Ltd on the privatisation.
SFC, 9-Jun-2017
Mr Lam Yik Tung is alleged to have tipped his friends in Aug-2010. According to Webb-site Who's Who, he worked for BNP Paribas until 17-Apr-2014. BNP Paribas was the independent financial adviser to Li & Fung Ltd on the privatisation.
SFC v C,D,E,F,G & China United Telecom Ltd
HK Court of First Instance, 4-May-2017
C = Lu Ruifeng; D = Tin Yin Kwan, wife of Yao Wen Pei; E=Clear Excel Ltd, F=Kayden Ltd, G=Yao Wen Pei, father of Charles Yiu Hoi Ying, then Finance Director of Asia Telemedia Ltd (0376). China United Telecom Ltd (BVI) fails in its application to lift an injunction freezing funds.
HK Court of First Instance, 4-May-2017
C = Lu Ruifeng; D = Tin Yin Kwan, wife of Yao Wen Pei; E=Clear Excel Ltd, F=Kayden Ltd, G=Yao Wen Pei, father of Charles Yiu Hoi Ying, then Finance Director of Asia Telemedia Ltd (0376). China United Telecom Ltd (BVI) fails in its application to lift an injunction freezing funds.
Cout of Appeal dismisses SFC's appeal against MMT decision
SFC, 28-Apr-2017
It's the SFC's 2nd loss in a month, following the CITIC case at the MMT. The MMT cases involved the same judge. The appeal centres on the meaning of "using" inside information, and whether withholding of the information was a "use" which had contributed to the artificially high price. In our view, that misses the point. It should have been enough to show, as the SFC did, that the respondents knew that the market price would likely be materially lower if the information in their possession had been disclosed. On a common sense analysis, that should constitute "using" the information when dealing. Let's hope the SFC takes this point of law to the CFA.
SFC, 28-Apr-2017
It's the SFC's 2nd loss in a month, following the CITIC case at the MMT. The MMT cases involved the same judge. The appeal centres on the meaning of "using" inside information, and whether withholding of the information was a "use" which had contributed to the artificially high price. In our view, that misses the point. It should have been enough to show, as the SFC did, that the respondents knew that the market price would likely be materially lower if the information in their possession had been disclosed. On a common sense analysis, that should constitute "using" the information when dealing. Let's hope the SFC takes this point of law to the CFA.
SFC withdraws Restriction Notice issued to a broker in connection with client’s suspected insider dealing
SFC, 14-Feb-2017
SFC, 14-Feb-2017
SFC issues Restriction Notice to prevent a Kingsway client from shifting assets
SFC, 3-Jun-2016
The notice was issued on 24-May-2016 but appears in the Gazette today. The client is suspected of insider dealing.
SFC, 3-Jun-2016
The notice was issued on 24-May-2016 but appears in the Gazette today. The client is suspected of insider dealing.
Administrators complete distribution to investors affected by Tiger Asia’s insider dealing
SFC, 19-May-2016
SFC, 19-May-2016
MMT bans Tiger Asia and Bill Hwang from trading securities in HK for 4 years
| MMT report
SFC, 9-Oct-2014
SFC, 9-Oct-2014
SFC alleges insider dealing by Salina Yu Lai Si, ex-CEO of Water Oasis (1161), in MMT proceedings
SFC, 14-Aug-2014
SFC, 14-Aug-2014
Tiger Asia admits insider dealing and ordered to pay some investors HK$45 million
SFC, 20-Dec-2013
If you bought BOC (3988) on 31-Dec-2008 or 13-Jan-2009, or CCB (0939) on 6-Jan-2009, and if by chance your order was matched with a sale by Tiger Asia, then you are in line for a payout for their insider dealing. This folows the same system as the Du Jun case announced on 12-Dec-2013. As we said, it is a lottery allocation, because other investors who bought at that time will not get the payout. You have about a 1 in 5 chance of a payout in each stock.
SFC, 20-Dec-2013
If you bought BOC (3988) on 31-Dec-2008 or 13-Jan-2009, or CCB (0939) on 6-Jan-2009, and if by chance your order was matched with a sale by Tiger Asia, then you are in line for a payout for their insider dealing. This folows the same system as the Du Jun case announced on 12-Dec-2013. As we said, it is a lottery allocation, because other investors who bought at that time will not get the payout. You have about a 1 in 5 chance of a payout in each stock.
SFC orders Du Jun to pay HK$23.9m to some investors
SFC, 12-Dec-2013
This is the first restoration order for insider dealing. We question the fairness of the allocation though. 297 sellers whose orders just happened to be matched with his, during an 11-week period in which he bought 26.7m shares, will get about $0.90 per share - even though some of them may have been net buyers during the period. The whole market was unaware of the good news, and anyone who sold shares during that period, when volume was 1844m shares, but not to Mr Du, gets nothing. That turns the payout into a lottery with about a 1 in 69 chance of success.
SFC, 12-Dec-2013
This is the first restoration order for insider dealing. We question the fairness of the allocation though. 297 sellers whose orders just happened to be matched with his, during an 11-week period in which he bought 26.7m shares, will get about $0.90 per share - even though some of them may have been net buyers during the period. The whole market was unaware of the good news, and anyone who sold shares during that period, when volume was 1844m shares, but not to Mr Du, gets nothing. That turns the payout into a lottery with about a 1 in 69 chance of success.
Court of First Instance orders re-trial on insider dealing case
SFC, 10-Sep-2013
...and meanwhile we wait and wait to see if any directors will ever be prosecuted for the false and misleading statement in the CITIC Pacific circular of 16-Sep-2008, or in connection with the Commercial Crime Bureau's investigation.
SFC, 10-Sep-2013
...and meanwhile we wait and wait to see if any directors will ever be prosecuted for the false and misleading statement in the CITIC Pacific circular of 16-Sep-2008, or in connection with the Commercial Crime Bureau's investigation.
Interim Freezing Order against Titan senior executive discharged upon payment into High Court
SFC, 25-Jan-2013
SFC, 25-Jan-2013
Charles Chong Wai Lee & Becky Chong Bun Bun v Insider Dealing Tribunal
HK Court of Appeal, 17-Dec-2012
The appeal is won, because each of the Harbour Ring and Vanda insider dealing tribunals partially admitted evidence from the other without a fair and full hearing of it. In a recursive manner, each was relying on the other to negate a coincidence and reach a finding of insider dealing. The lesson from this is that where two inquiries overlap, they should be heard as one. Final score: Chongs 2, Financial Secretary 0 (unless he appeals).
HK Court of Appeal, 17-Dec-2012
The appeal is won, because each of the Harbour Ring and Vanda insider dealing tribunals partially admitted evidence from the other without a fair and full hearing of it. In a recursive manner, each was relying on the other to negate a coincidence and reach a finding of insider dealing. The lesson from this is that where two inquiries overlap, they should be heard as one. Final score: Chongs 2, Financial Secretary 0 (unless he appeals).
Tiger Asia Management pleads guilty to wire fraud, forfeits US$16m
New Jersey District Attorney, 12-Dec-2012
New Jersey District Attorney, 12-Dec-2012
Magistrate convicts former CITIC Pacific senior executive of insider dealing
SFC, 26-Oct-2012
Meanwhile, we wait for the Government's Department of Justice to go after the big fish.
SFC, 26-Oct-2012
Meanwhile, we wait for the Government's Department of Justice to go after the big fish.
HKICPA disciplines insider dealers Edmond Leung Chi Keung & Steve Luk Ka Cheung
| Reasons
HKICPA, 3-Oct-2012
HKICPA, 3-Oct-2012
SFC v SSCP Holdings (HK) Ltd & others: case dismissed
| The total return chart of Schramm.
HK Court of First Instance, 5-Sep-2012
The SFC's case of alleged insider dealing in the shares of Schramm Holding AG ahead of its privatisation is struck out for being "at best, speculative".
HK Court of First Instance, 5-Sep-2012
The SFC's case of alleged insider dealing in the shares of Schramm Holding AG ahead of its privatisation is struck out for being "at best, speculative".
MMT submits reports on dealings in ABC Communications (Holdings) Ltd shares
HK Government, 23-Dec-2011
HK Government, 23-Dec-2011
Charles Chong Wai Lee & Becky Chong Bun Bun v Insider Dealing Tribunal
HK Court of Final Appeal, 1-Dec-2011
HK Court of Final Appeal, 1-Dec-2011
Magistrate sets date for insider dealing trial of former CITIC Pacific senior executive
SFC, 20-Oct-2011
SFC, 20-Oct-2011
Re insider dealing tribunal and Easy Concepts International Holdings Ltd
HK Court of First Instance, 18-Oct-2011
HK Court of First Instance, 18-Oct-2011
Former CITIC Pacific senior executive Simon Chui Wing Nin charged with insider dealing
SFC, 25-Aug-2011
Mr Chui is now the CFO of Agile Property (3383)
SFC, 25-Aug-2011
Mr Chui is now the CFO of Agile Property (3383)
SFC v Tiger Asia Management LLC & others
HK Court of First Instance, 21-Jun-2011
The judge finds that the court does not have jurisdiction to determine whether the defendants contravened section 295(1) of the SFO. If the SFC wants to take the matter further then it must either go to the Market Misconduct Tribunal, or to criminal prosecution.
HK Court of First Instance, 21-Jun-2011
The judge finds that the court does not have jurisdiction to determine whether the defendants contravened section 295(1) of the SFO. If the SFC wants to take the matter further then it must either go to the Market Misconduct Tribunal, or to criminal prosecution.
Court of Appeal affirms SFAT’s decision to ban David Tsien Pak Cheong for insider dealing
SFC, 14-Jun-2011
The SFC loses in its attempt to reinstate a lifetime ban after the SFAT reduced it to 10 years.
SFC, 14-Jun-2011
The SFC loses in its attempt to reinstate a lifetime ban after the SFAT reduced it to 10 years.
HKSAR v Sammy Ma Hon Kit, Cordelia Tso Kin Wah & Ronald Ma Chun Ho
HK Court of First Instance, 12-Oct-2010
HK Court of First Instance, 12-Oct-2010
Charles Chong Wai Lee, Becky Chong Bun Bun & Lam Hon Nam v Insider Dealing Tribunal
HK Court of Appeal, 28-Sep-2010
HK Court of Appeal, 28-Sep-2010
David Tsien Pak Cheong v SFC
SFAT, 22-Sep-2010
"We are satisfied that prohibition for life in the present case is manifestly excessive".
SFAT, 22-Sep-2010
"We are satisfied that prohibition for life in the present case is manifestly excessive".
Magistrate imposes jail sentence on insider dealer after review
SFC, 14-Sep-2010
Magistrate Anthony Yuen Wai Ming admits he was wrong.
SFC, 14-Sep-2010
Magistrate Anthony Yuen Wai Ming admits he was wrong.
SFC to seek review of insider dealing sentence
SFC, 19-Aug-2010
Well perhaps the defendant has a good background, a well-off family or a good academic record - this was the same magistrate as in the Amina Bokhary case.
SFC, 19-Aug-2010
Well perhaps the defendant has a good background, a well-off family or a good academic record - this was the same magistrate as in the Amina Bokhary case.
Takeover insider convicted of insider dealing
| CCASS changes from 5-May to 23-Jun-08
SFC, 5-Aug-2010
Note: our CCASS Analysis system allows you to see which brokers were likely net buyers and sellers over the period of Mr Chan's insider dealing, allowing 2 days for settlement. Those clients who sold to him may wish to sue him in the small claims court.
SFC, 5-Aug-2010
Note: our CCASS Analysis system allows you to see which brokers were likely net buyers and sellers over the period of Mr Chan's insider dealing, allowing 2 days for settlement. Those clients who sold to him may wish to sue him in the small claims court.
Albert Lam Kwong Yu resigns as INED of HAECO
Company announcement, 7-Jun-2010
...after buying shares in HAECO before announcement of a general offer for the stock.
Company announcement, 7-Jun-2010
...after buying shares in HAECO before announcement of a general offer for the stock.
SFC v Du Jun (previously "A")
HK Court of First Instance, 12-Apr-2010
Reading between the lines, if you sold shares in CITIC Resources (1205) between 15-Feb-07 and 30-Apr-07, then file a complaint with the SFC, which is seeking a court order that alleged insider dealer Du Jun should compensate anyone from whom he purchased shares while in possession of positive inside information, during that period. You might get some money back.
HK Court of First Instance, 12-Apr-2010
Reading between the lines, if you sold shares in CITIC Resources (1205) between 15-Feb-07 and 30-Apr-07, then file a complaint with the SFC, which is seeking a court order that alleged insider dealer Du Jun should compensate anyone from whom he purchased shares while in possession of positive inside information, during that period. You might get some money back.
Referral to MMT of Vincent Sze Chun Ning, Wang Chao & Guo Aiwen
Market Misconduct Tribunal, 9-Apr-2010
To determine whether there was insider dealing in the shares of ABC Communications (0030) in Apr-2008 before its takeover offer. This document alleges that the persons who claimed at the time to own the offeror where in fact just nominees of Mr Wang Chao.
Market Misconduct Tribunal, 9-Apr-2010
To determine whether there was insider dealing in the shares of ABC Communications (0030) in Apr-2008 before its takeover offer. This document alleges that the persons who claimed at the time to own the offeror where in fact just nominees of Mr Wang Chao.
"C", "E" and "F" v SFC
HK Court of Final Appeal, 11-Dec-2009
"C"=Lu Ruifeng, "E"=Clear Excel Ltd, "F"=Kayden Ltd
HK Court of Final Appeal, 11-Dec-2009
"C"=Lu Ruifeng, "E"=Clear Excel Ltd, "F"=Kayden Ltd
Man sentenced for insider dealing
HK Police, 18-Sep-2009
Comment: the Police claim that "the Police investigation revealed" the insider dealing - whereas the SFC acknowledge the Police's support in arresting Mr Du when he returned to HK "after the SFC completed the investigation". We think the Police are taking too much credit.
HK Police, 18-Sep-2009
Comment: the Police claim that "the Police investigation revealed" the insider dealing - whereas the SFC acknowledge the Police's support in arresting Mr Du when he returned to HK "after the SFC completed the investigation". We think the Police are taking too much credit.
MMT report on insider dealing in COLI shares, Part 1
| Part 2
Market Misconduct Tribunal, 20-Aug-2009
Market Misconduct Tribunal, 20-Aug-2009
SFC v "C","D","E" and "F"
HK Court of Appeal, 17-Jul-2009
"C"=Lu Ruifeng, "D"=Tin Yin Kwan, "E"=Clear Excel Ltd, "F"=Kayden Ltd
HK Court of Appeal, 17-Jul-2009
"C"=Lu Ruifeng, "D"=Tin Yin Kwan, "E"=Clear Excel Ltd, "F"=Kayden Ltd
Court of Appeal confirms SFC's power to freeze assets in suspected insider dealing cases
SFC, 16-Jul-2009
SFC, 16-Jul-2009
Former investment banker and fund manager plead guilty to insider dealing
SFC, 7-Jul-2009
Note: on 30-Sep-05, Webb-site.com filed a complaint of probable insider dealing with the SFC, based on price movements on 12-Sep-05 before the takeover was announced.
SFC, 7-Jul-2009
Note: on 30-Sep-05, Webb-site.com filed a complaint of probable insider dealing with the SFC, based on price movements on 12-Sep-05 before the takeover was announced.
SFC v "C","D","E" and "F"
HK Court of Appeal, 22-May-2009
"C"=Lu Ruifeng, "D"=Tin Yin Kwan, "E"=Clear Excel Ltd, "F"=Kayden Ltd
HK Court of Appeal, 22-May-2009
"C"=Lu Ruifeng, "D"=Tin Yin Kwan, "E"=Clear Excel Ltd, "F"=Kayden Ltd
SFC appeals against High Court decision to discharge injunction in insider dealing investigation
SFC, 5-Nov-2008
"C"=Lu Ruifeng
SFC, 5-Nov-2008
"C"=Lu Ruifeng
SFC v "C","D","E" and "F"
HK Court of First Instance, 22-Oct-2008
"C"=Lu Ruifeng, "D"=Tin Yin Kwan, "E"=Clear Excel Ltd, "F"=Kayden Ltd
HK Court of First Instance, 22-Oct-2008
"C"=Lu Ruifeng, "D"=Tin Yin Kwan, "E"=Clear Excel Ltd, "F"=Kayden Ltd
SFC obtains worldwide injunction in insider dealing investigation
SFC, 2-May-2008
"C"=Lu Ruifeng, "D"=Tin Yin Kwan
SFC, 2-May-2008
"C"=Lu Ruifeng, "D"=Tin Yin Kwan
Koon Wing Yee and Sonny Chan Kin Shing v Insider Dealing Tribunal
HK Court of Final Appeal, 18-Mar-2008
HK Court of Final Appeal, 18-Mar-2008
First criminal prosecution for insider dealing
SFC, 28-Feb-2008
Almost 5 years after insider dealing became a criminal offence!
SFC, 28-Feb-2008
Almost 5 years after insider dealing became a criminal offence!
Court of First Instance affirms SFC’s power to audio record investigation interviews
SFC, 2-Nov-2007
SFC, 2-Nov-2007
Insider Dealing Tribunal makes orders on Asia Orient Holdings Ltd inquiry
HK Government, 15-Dec-2006
HK Government, 15-Dec-2006
Insider Dealing Tribunal submits report on Cheong Ming Investments Limited
HK Government, 5-Sep-2006
HK Government, 5-Sep-2006
Koon Wing Yee resigns as INED due to directorship ban by Insider Dealing Tribunal
Company announcement, 27-Jan-2006
Company announcement, 27-Jan-2006
Chairman & CEO Mr Koon Wing Yee resigns, disqualified to act as director for 5 years by Insider Dealing Tribunal
Company announcement, 23-Jan-2006
Company announcement, 23-Jan-2006
Thomas Lau Luen Hung v IDT; Charles Chong Wai Lee & Becky Chong Bun Bun v IDT
HK Court of First Instance, 13-Jan-2006
HK Court of First Instance, 13-Jan-2006
Mr Koon Wing Yee, Mr Sonny Chan Kin Shing, Mr Alan Tsang Yiu Kai, Ms Helena Sum Wai Ching and Ms Christina Tsang Yuen Mai found to be insider dealers
HK Government, 2-Dec-2005
HK Government, 2-Dec-2005
Henry Tai Hon Leung, Lisa Lam Lai San & William Lam Chun Ming v Insider Dealing Tribunal
HK Court of Appeal, 3-Nov-2005
HK Court of Appeal, 3-Nov-2005
Complaint to SFC re probable insider dealing
(30-Sep-2005)
(30-Sep-2005)
Members appointed to Insider Dealing Tribunal
HK Government, 25-Feb-2005
Note: Eric Ng Kwok Wai resigned on 1-Mar-05 and was replaced by Mica Pang Hon Chung on 1-Apr-05
HK Government, 25-Feb-2005
Note: Eric Ng Kwok Wai resigned on 1-Mar-05 and was replaced by Mica Pang Hon Chung on 1-Apr-05
Members appointed to Insider Dealing Tribunal
HK Government, 3-Dec-2004
Note: Lawrence Lok Yuen Ming was later replaced by Phil Chan Kin Fung.
HK Government, 3-Dec-2004
Note: Lawrence Lok Yuen Ming was later replaced by Phil Chan Kin Fung.
Insider Dealing Tribunal makes order on Firstone International Holdings Ltd case
HK Government, 13-Aug-2004
HK Government, 13-Aug-2004
Members appointed to Insider Dealing Tribunal
HK Government, 18-Jan-2002
Note: at some point, James Wardell was replaced by Malcolm Antony Barnett
HK Government, 18-Jan-2002
Note: at some point, James Wardell was replaced by Malcolm Antony Barnett
Francis Cheung & Cammie Pang Kam Chi v Insider Dealing Tribunal
HK Court of First Instance, 31-Aug-1999
HK Court of First Instance, 31-Aug-1999
SEC sues Samson Hui Chi Yang & his company for insider dealing in Omnipoint and defendants settle by paying over US$2m
US SEC, 26-Jul-1999
US SEC, 26-Jul-1999
Insider Dealing Tribunal submitted report on Chinese Estates Holdings Ltd
HK Government, 12-May-1999
HK Government, 12-May-1999
Francis Cheung & Cammie Pang Kam Chi v Insider Dealing Tribunal
HK Court of First Instance, 31-Mar-1999
HK Court of First Instance, 31-Mar-1999
CKH, Li Ka-shing, Chow Chin-wo, George Zang Chon-sheng, Albert Chow Nin-mow and George Colin Magnus found culpable of Insider Dealing - Vol 1
| Vol 2
IDT, 27-Mar-1986
IDT, 27-Mar-1986
Insider Dealing Tribunal Report regarding trading prior to announcement of HSBC's sale of 22% of HWL to CKH
IDT, 1-Mar-1982
IDT, 1-Mar-1982
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