• Sun
  • Dec 21, 2014
  • Updated: 5:14pm

Corporate Crime

SFC REPRIMANDS SOUTH CHINA SECURITIES OVER TRAINEES

The Securities and Futures Commission has reprimanded South China Securities - one of the biggest locally owned brokerage houses - for failing to register trainees with the commission.

Saturday, 23 November, 2002, 12:00am

ROLE IN UNAUTHORISED TRADING DRAWS SFC IRE

The Securities and Futures Commission has reprimanded Lau Chi-keung, a former staff member at CEF Brokerage, for introducing clients to an unregistered staff member between December 2000 and January last year. The unnamed unregistered staff member is being investigated by the police for allegedly trading without clients' authorisation.

20 Nov 2002 - 12:00am

Industry urged to focus on integrity

The international accounting industry has an urgent need to reform its internal control mechanism to restore investor confidence in the wake of the Enron collapse.

18 Nov 2002 - 12:00am

SFC warns of risks in making cold calls

An increase in illegal cold calling by investment advisers has prompted a warning from Hong Kong's securities watchdog.

After receiving an increasing number of complaints from investors, the Securities and Futures Commission has issued a circular warning registered advisers not to break the law.

13 Nov 2002 - 12:00am

Issue sponsors face tighter controls

Regulation of listing sponsors will be tightened to ensure they are doing 'a decent job', Secretary for Financial Services and the Treasury Frederick Ma Si-hang said yesterday.

Mr Ma said the sponsors would be held responsible for the initial performance of newly listed companies.

9 Nov 2002 - 12:00am

Accountants call for company risk reviews

Listed companies would be required to undergo a mandatory review by an independent board of management accountants under a proposal submitted to the government yesterday.

The proposal by the Chartered Institute of Management Accountants suggests that the results of the review be published in a company's annual accounts alongside the auditor's report.

23 Oct 2002 - 12:00am

Dealer deregistered

The Securities and Futures Commission has revoked the registration of Katie Chan Hing-fung as a securities dealer's representative for misappropriation and deception. The securities watchdog found Chan, over a period of 2 1/2 years while employed by Hou Tak Securities, had caused losses to her clients amounting to about HK$3 million.

22 Oct 2002 - 12:00am

Exams body accused of wasting cash

SCMP, October 9, 2002

By Chow Chung-yan

The Examinations Authority has been accused of squandering public money at the expense of rank-and-file staff, who wrote to the education chief and legislators calling for an investigation.

16 Oct 2002 - 12:00am

Expert Group's review will not be a mere 'whitewash'

I write in response to your editorial yesterday, headlined 'A missed opportunity'.

11 Oct 2002 - 12:00am

Watchdog beefs up staff numbers

The China Securities Regulatory Commission is hiring 82 workers at 19 of its mainland offices. It stressed yesterday that the recruits were needed to strengthen the regulation of the mainland offices, dismissing claims that they were a response to probes into the rising number of ailing companies.

10 Oct 2002 - 12:00am

Exam body denies wasting funds

The Examination Authority has denied squandering public money, as staff members claim it has.

The Hong Kong Examination Authority secretary, Choi Chee-chong, met staff yesterday after they issued an anonymous letter to the Secretary for Education and Manpower, Arthur Li Kwok-cheung, and legislators on Tuesday, alleging a list of wrongdoing by management.

10 Oct 2002 - 12:00am

Exams body accused of wasting cash

The Examinations Authority has been accused of squandering public money at the expense of rank-and-file staff, who yesterday wrote to the education chief and legislators calling for an investigation.

9 Oct 2002 - 12:00am

Mystery of missing chief could land firm in hot water

It was a straightforward question. 'Is Chen Jun still your chief executive?' the stock exchange asked Euro-Asia Agricultural (Holdings). 'Yes,' came the reply.

Three days later the exchange asked the same question and received the same reply.

3 Oct 2002 - 12:00am

Accountant to probe SFC chief allegations

PricewaterhouseCoopers (PwC) has been appointed to investigate allegations of improper staff appointments made against Securities and Futures Commission (SFC) chairman Andrew Sheng.

18 Sep 2002 - 12:00am

Police step into watchdog detail

Two police officers will be seconded to work in the Securities and Futures Commission for three months helping it step up efforts to crack down on corporate crime.

6 Sep 2002 - 12:00am