Aggregated News From Investment Management Regulators

SFC commences false trading prosecution against retail investor

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The Securities and Futures Commission (SFC) today commenced criminal proceedings at the Eastern Magistrates’ Court against Mr Ke Wen Hua for alleged false trading in the shares of Carry Wealth Holdings Limited on 4 September 2012 (Notes 1 & 2).

The Court adjourned the case to 27 August 2020 for plea-taking after Ke asked for more time to obtain legal advice at today’s hearing.

End

Notes:

  1. The alleged false trading constituted an offence contrary to section 295 of the Securities and Futures Ordinance.
  2. Carry Wealth Holdings Limited was listed on the Main Board of The Stock Exchange of Hong Kong Limited in 2000.

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Regulator Information

Abbreviation: SFC
Jurisdiction: Hong Kong

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