• Thu
  • Oct 23, 2014
  • Updated: 4:41pm

Financial Crimes

Chinese police bring 2 suspects back from Malaysia

Police have escorted two Chinese men accused of involvement in economic crimes back from Malaysia, including one who fled China eight years ago, the Ministry of Public Security said.

Saturday, 15 June, 2013, 11:56am

Ex-Goldman Sachs trader pleads guilty to concealing trades

Under an agreement with the government, Matthew Taylor, 34, pleaded guilty to a single count of wire fraud on Wednesday before US District Judge William Pauley in a Manhattan federal court. He told the judge he took the position to boost his standing, and his bonus, at Goldman Sachs.

5 Apr 2013 - 5:10am

In Hibor debate, remember you have to pay for good data

We are already very much in line. In characteristic copycat fashion the HKMA started an investigation of the Swiss bank UBS a day after it paid up for alleged Libor (London interbank offered rate) infringements. Hibor rhymes with Libor. How much more guilt do you need?

12 Feb 2013 - 5:08am

HSBC appoints anti-crime advisers

Bill Hughes, ex-head of Britain's Serious Organised Crime Agency, Juan Zarate, a former counter-terrorism adviser to the George W. Bush administration in the United States, and former British diplomat Nick Fishwick will also advise the bank, London-based HSBC said in a statement yesterday.

31 Jan 2013 - 5:20am

Profit woes, SEC claim dent China Rongsheng

China Rongsheng Heavy Industries Group Holdings saw its share price shed up to 19 per cent on its warning of much lower first-half profit, and on news that the US securities watchdog had accused its founder and chairman, Zhang Zhirong, of illegally trading on insider information.

31 Jul 2012 - 12:00am

Arrest shows zeal to curb insider trading

Beijing has detained another brokerage executive for insider trading, underscoring its determination to crack down on market irregularities after the appointment of Guo Shuqing as chief securities regulator earlier this year.

27 Dec 2011 - 12:00am

Massive stock scheme revealed

The mainland's top securities regulator has revealed its largest market-manipulation case ever, a massive pump-and-dump stock scheme resulting in illegal profits of 426 million yuan (HK$520 million).

12 Dec 2011 - 12:00am

Chaoda accused of insider trading

The chairman and finance director of embattled mainland vegetable producer Chaoda Modern Agriculture have been accused by the Hong Kong government of insider dealing.

30 Sep 2011 - 12:00am

Chaoda drops 26pc on fears of misconduct

Chaoda Modern Agriculture (Holdings) lost more than a quarter of its market value yesterday following reports the mainland farming firm is being investigated by Hong Kong's Market Misconduct Tribunal.

27 Sep 2011 - 12:00am

Gome's founder to face lawsuits

Jailed retail tycoon Wong Kwong-yu is facing the first of what may be a wave of civil lawsuits brought against him by disgruntled investors after his conviction for insider trading.

An investor identified only as Li, has been notified by the Beijing No 2 intermediate court that the hearing will take place on September 6.

22 Jul 2011 - 12:00am

Bid to freeze Tiger cash rejected

A Hong Kong court has rejected a Securities and Futures Commission bid to freeze HK$38.5 million worth in assets belonging to the US hedge fund Tiger Asia Management and its three executives, marking a setback for the financial markets watchdog.

22 Jun 2011 - 12:00am

Probes of insider trading to deepen

Beijing is stepping up a crackdown on insider trading as rampant hot money flows into the roller-coaster stock market.

The State Council expressed late on Thursday the government's determination to deepen its investigation of suspicious trades. The statement is likely to result in a withdrawal of some speculative funds from mainland exchanges.

20 Nov 2010 - 12:00am

Insider dealing poses challenge for prosecutors

The prosecution of suspected insider dealers in criminal courts provides a strong deterrent but also makes it more difficult for investigations to succeed, according to a regulator, lawyers and academics.

26 Jul 2009 - 12:00am

Vigilance the key to stopping insider trading

A string of successful and high-profile prosecutions against insider traders has suddenly put people on their toes. What is surprising, though, is not that there is a new sheriff in town ready to enforce the law but that it has taken him so long to arrive.

26 Jul 2009 - 12:00am

Rethink role of Market Misconduct Tribunal

With the first two insider traders sentenced to jail terms last week, perhaps it is time for the government to rethink the role of the almost-forgotten Market Misconduct Tribunal.

7 Apr 2009 - 12:00am

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