Source:
https://scmp.com/business/money/markets-investing/article/1214727/insider-trading-alive-and-well-its-just-got-slicker
Money/ Markets & Investing

Insider trading is alive and well - it's just got slicker

The markets may be more transparent than they were in decades gone by, but temptation, gossip and greed are still rife among their participants

Sky Cheung Shi-gaii's dicey dealings backfired on him spectacularly.

Financial columnists sometimes enjoy the influence they have over events on the markets. But that influence can come back to bite them if they're accused of making false statements about the stocks they own, as Apple Daily financial commentator Sky Cheung Shi-gaii has discovered.

At the beginning of last week, Cheung became the first columnist to be punished by the Securities and Futures Commission (SFC) for hiding and failing to declare shareholdings in companies he was writing about. As a result he was fined and banned from working in the finance industry for 30 months.