SFC Enforcement Work
SFC licensing regime ensures that only fit and proper individuals are permitted to act as financial intermediaries.
SFC prosecute those who fake their credential and where appropriate, seek to trace and freeze money raised by illegal operators so that it can be returned to victims. Firms that harbour activities by unlicensed staff also are prosecuted and disciplined.
SFC has the power to discipline individuals and firms that are licensed by or registered with SFC (referred to as "regulated persons"). Upon SFC identification of misconduct, SFC may impose on the regulated persons disciplinary action/s set out in the Securities and Futures Ordinance (SFO).
Common types of misconduct that may lead to disciplinary actions include sponsor failures, mis-selling of investment products and internal control failures.
Disciplinary sanctions include:
Other enforcement action includes:
For legal advice or services on SFC investigation and enforcement, please contact CHOW & CHEUNG, Hong Kong solicitors & notaries [firstname.lastname@example.org]
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