Aggregated News From Investment Management Regulators

Court upholds conviction of Law Sai Hung over unlicensed activities

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The Court of First Instance has dismissed the appeal of Mr Law Sai Hung, a director of Brilliance Capital Management Limited (BCML), against his conviction over unlicensed activities (Notes 1 & 2).

In dismissing the appeal, Deputy High Court Judge D. Yau considers that there are no merits in any of the grounds of the appeal.

In July 2020, the Eastern Magistrates’ Court convicted Law, in his capacity as an officer of BCML, for having aided, abetted, counselled, procured, induced BCML, an unlicensed entity, in holding itself out to a company as carrying on a business in advising on corporate finance or that the offence by BCML was committed with the consent, connivance of or was attributable to the recklessness of Law.  Law was sentenced to a fine and was ordered to pay the SFC’s investigation costs.

Notes:

  1. BCML is a Hong Kong incorporated company and its company registration number is 1456339.
  2. For further details, please see the SFC’s press release dated 24 July 2020.
  3. A copy of the judgment (HCMA249/2020) is available on the Judiciary’s website.

This news item was originally published by the Securities and Futures Commission (SFC HK). For more information, please see the Source Link.

Regulator Information

Abbreviation: SFC
Jurisdiction: Hong Kong

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