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. The move comes a week after a group of disgruntled investors placed a full-page advertisement in some Chinese-language newspapers calling on the government to stop companies carrying out fraudulent transactions which could hurt the interests of small investors. Without naming any companies or specific deals the letter said some firms had conducted transactions at what it called a ridiculous price. The Secretary for Financial Services and the Treasury Bureau responded by saying fraudulent activities were criminal offences and would not be tolerated. A bureau official said it was concerned about the allegations and had drawn them to the SFC's attention for possible follow-up action. However, an official with the SFC said the police secondment was not a result of the advertisement and had been planned for a few months. The arrangement will see two officers from the Commercial Crime Bureau seconded to the SFC's Enforcement Division for three months from Monday. Such secondments could well become a regular practice to allow the staff of the two organisations to exchange experience and share expertise. The executive director of enforcement at the SFC, Alan Linning, said the secondment would help both the SFC and the CCB to work together in pursuing investigations and combatting corporate criminals. 'It is no exaggeration to say that we are in almost daily contact with the CCB by telephone on matters ranging from corporate fraud and theft by brokers staff to boiler rooms and market manipulation,' Mr Lining said. 'There is a good rapport between SFC and CCB at both a management and an operational level and that has led to some excellent results, such as the recent convictions for manipulating the market in Gay Giano shares.' Mr Linning said the SFC had worked hard to combat corporate fraud. He indicated that the commission had conducted four major corporate misconduct investigations since April. 'The message is - we are on the alert for suspicious corporate activity. 'Vigilance is our watchword and, in co-operation with our law enforcement colleagues, we will not hesitate to take the strongest action against those who would undermine Hong Kong's reputation as an international financial centre,' Mr Linning said. He pointed out the SFC could not comment on individual on-going investigations because of secrecy provisions. But he was adamant that cracking down on corporate mis-governance was one of the SFC's enforcement priorities for the coming year.