Corporate Crime | South China Morning Post
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  • Mar 29, 2015
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Corporate Crime

Brokerage reprimanded

The Securities and Futures Commission has reprimanded brokerage Polaris Securities (Hong Kong) and one of its dealer representatives for lacking proper internal controls for account opening, settlement, securities dealing and credit control.

Tuesday, 20 August, 2002, 12:00am

SFC in the line of fire

ANGRY INVESTORS, indignant brokers, scathing politicians, disgruntled employees and a shrinking income. It has been a summer of discontent at the Securities and Futures Commission.

16 Aug 2002 - 12:00am

Broker closed as China clamps down on sector

China has closed down Anshan Securities for 'serious violations' of rules, including selling debt instruments that offered illegally high interest rates, officials and regulators said yesterday.

13 Aug 2002 - 12:00am

Dealer representative suspended

The Securities and Futures Commission has suspended the registration of dealer representative Chiang Yuk-oi for six months for providing misleading information.

24 Jul 2002 - 12:00am

SFC prosecutes wrongdoers

Securities and Futures Commission has successfully prosecuted Ho Sze-man for contravening the Protection of Investors Ordinance. SFC also prosecuted Zhong Jianqiu, a director of Asia Aluminum Holdings, under the Securities (Disclosure of Interests) Ordinance.

17 Jul 2002 - 12:00am

Accounting sleuth launches service in Asia to diagnose, treat Enronitis

Celebrated Wall Street accounting sleuth Howard Schilit has launched his service in Asia by flagging potential problems in the books of Japanese electronics giant Sony and Singapore's Chartered Semiconductor.

15 Jul 2002 - 12:00am

Watchdog in push for funds law

China's regulatory officials are striving to submit a draft of the long-awaited Securities Investment Fund Law to the Standing Committee of the National People's Congress (NPC) next month, the Beijing Business Today reported yesterday quoting unidentified 'authoritative' sources.

11 Jul 2002 - 12:00am


These days no job is safe. But how do you know the axe is about to swing? Stay one jump ahead with SAR's handy guide to detecting When You Are About To Get Fired.

? There are TV cameras outside your place of work.

? Instead of your secretary, you are met by a man from immigration.

? Your wage packet is twice as big as usual.

8 Jul 2002 - 12:00am

Tighter rules urged to avoid local scandals

Hong Kong needs tighter securities regulations and the securities watchdog should make it compulsory for accountants to be registered with the regulator, financial experts say.

This would help ensure stringent auditing of company accounts and avoid accounting irregularities such as those uncovered in US companies Xerox, WorldCom and Enron.

30 Jun 2002 - 12:00am

Probity in tatters

'Irrational exuberance' was the inspired description the US Federal Reserve Board chairman Alan Greenspan attached to his warning about the dangers of the dotcom boom in the late 1990's.

28 Jun 2002 - 12:00am

SFC seeks controllers for brokerage

The Securities and Futures Commission is seeking to appoint administrators to take control of troubled brokerage Lawsons Securities.

The proposed administrators are Gabriel Tam Chi-kok and Jane Tingle from KPMG, according to a High Court summons.

27 Jun 2002 - 12:00am

Andersen partners face merger obstacles

Pitfalls remain in closing the deals struck between Arthur Andersen partners and rival accounting firms Deloitte Touche and Pricewaterhouse Coopers, failed suitor KPMG warns.

18 Jun 2002 - 12:00am

Debates open today in stock conspiracy case

The hearing of China's biggest stock manipulation case is scheduled to advance to debates between the prosecutors and defence lawyers today.

13 Jun 2002 - 12:00am

SFC cuts brokers' legal load in dealing with professionals

The Securities and Futures Commission has relaxed its definition of professional investors following consultations with the market.

The SFC had proposed to define professional investors as individuals or corporations with more than HK$16 million in assets. The threshold will now be lowered to HK$8 million.

5 Jun 2002 - 12:00am

SFC rap for Harris Fraser

The Securities and Futures Commission has publicly reprimanded Harris Fraser (International) and supervisory director Halena Ng Yuen-yee for breach of the Securities Ordinance.

22 May 2002 - 12:00am