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Why you can trust SCMP
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'Mainland to aid SFC probes of wrongdoers'

SCMP headline, April 3

And here is a starting question for our Securities and Futures Commission: Do you people see anything wrong with this headline.

I ask because I have had occasion in the past to think that the SFC jumps too quickly in assuming the immediate guilt of some of the people it nabs. The point here, of course, is that you are meant to be innocent of any wrongdoing until and unless you have been proven guilty of it.

If you have not yet been proven guilty, then you cannot yet be deemed a wrongdoer. If you have been proven guilty, however, then there is no reason why a regulatory agency should bother any longer to conduct probes of your wrongdoings. They were already proven to be wrongdoings and you were already found guilty of them. Why belabour the point in that case?

Why indeed? It is still entirely appropriate to belabour the SFC about this sort of thing. With these people you want to be certain that the point is understood.

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