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Three fined for forex violation

The Securities and Futures Commission said yesterday it fined three men for contravening the Leveraged Foreign Exchange Trading Ordinance and the Commodities Trading Ordinance. Ng Hoi-pang, Leung Pok-lun and Yiu Yau-choi were each fined $100,000 plus $46,300 in costs. Mr Ng was also fined $100,000 for carrying on an unregistered business of trading in commodity futures contracts. The three men were acting as agents with Macau-based Nam Fong-Macau.

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