(Update No. 1 2018 of the Rules, Regulations and Procedures of the Futures Exchange is now available for subscription. For those who wish to subscribe hardcopy updates to the Rules, Regulations and Procedures of the Futures Exchange, please complete and return the attached copy of the Updating Service Request Form.) Judges keep changing the rules because there's no U.S. statute to guide them. The biggest problem with U.S. insider trading laws is that the U.S. has no insider trading law. Codes and guidelines. The SFC issues codes and guidelines to help industry participants comply with the laws. Under the Securities and Futures Ordinance (SFO) (section 169), the SFC has specific power to publish codes of conduct for the purpose of giving guidance relating to the practices and standards with which intermediaries and their representatives are expected to comply. Regulation of Insider Trading in Hong Kong "When the capital development of a country becomes a by-product of the activities of a casino, the job is likely to be ill done." Hong Kong's credibility and security as a modem financial centre and a soundly based industrial economy have been harmed already by
We examine the profitability of insider trading in Hong Kong between 1993 and 1997. On average, firms in Hong Kong have very concentrated ownership and insiders trade more actively and account for larger fractions of total turnover of their firms' shares than do US insiders. Inside sellers in Hong Kong earn negligible rents; however,
The Hong Kong Market Misconduct Tribunal (“MMT”) extends to all types of Hong Kong market misconduct and the criminal regime covers all forms of Hong Kong market misconduct (including insider dealing) and 3 other offences under Part XIV of the Securities and Futures Ordinance. Insider Dealing Law in Hong Kong . Arthur Yan. 1. Abstract . Although prohibited since the 1970s, insider dealing has only become a crime in Hong Kong since 2002. After briefly discussing the reasons for and against the prohibition of insider dealing, this paper outlines the legislative history of the The Securities and Futures Ordinance (“SFO”) which came into effect on 1 April 2003 types of market misconduct. “'Market misconduct” as regulated under Parts XIII and XIV comprises 6 offences: insider dealing, false trading, price rigging, disclosure of Securities listed on the Hong Kong Stock Exchange at the time of the dealing in Regulation of Insider Trading in Hong Kong "When the capital development of a country becomes a by-product of the activities of a casino, the job is likely to be ill done." Hong Kong's credibility and security as a modem financial centre
14 Jun 2017 “derivatives contracts”. Insider. Trading. Market. Misconduct. Page 9. 9. Insider trading. Division 3 of Part XII of the Securities and Futures Act $25,899,750 from Hong Kong and issued consent order requiring Y and. Z to pay
12 Dec 2019 The main purpose of this paper is to examine the legal insider trading activities by directors of companies listed on the Hong Kong Exchange
21 Aug 2013 Tiger Asia: A New York Hedge Fund Trading in Hong Kong of the relevant provisions (including the prohibition on insider dealing), the Court
26 May 2013 Historically, many of the SEC's insider trading cases with and procedures on insider trading track the most conservative set of laws to which they stocks that were executed on the Hong Kong Stock Exchange (HKSE) at the 12 Dec 2013 Although a civil offense, insider trading was considerably more common in Hong Kong before new legislation that took effect in 2003 1 Jun 2011 Hong Kong's high court said on Thursday it will rule within two weeks SFC has accused Tiger Asia of insider trading in shares of Bank of 4 Apr 2013 The term insider trading is generally associated with illegal trading and has under circumstances specified in the rule would owe a duty of trust or to freeze multiple Hong Kong and Singapore-based trading accounts just 9 May 2007 The SEC charged a Hong Kong couple with using inside information If the SEC succeeds in proving the Wongs violated insider-trading laws The Hong Kong Market Misconduct Tribunal (“MMT”) extends to all types of Hong Kong market misconduct and the criminal regime covers all forms of Hong Kong market misconduct (including insider dealing) and 3 other offences under Part XIV of the Securities and Futures Ordinance.
9 May 2013 Hong Kong Tiger Asia Case: Are Insider Traders Losing Their Stripes? broke Hong Kong's insider dealing and market manipulation laws.
12 Dec 2019 The main purpose of this paper is to examine the legal insider trading activities by directors of companies listed on the Hong Kong Exchange 13 Sep 2013 Where insiders' duty to disclose or abstain from trading with inside information is established, any insider dealing in breach of such rule, or other. Du Jun is a Chinese businessman and financier with origins in Beijing. He was known for his role as former managing director of the Wall Street investment bank Morgan Stanley in Hong Kong. $23.3 million (about US$3 million) for his part in Hong Kong's biggest insider trading case – an "unprecedented" scam a judge term insider trading to refer to the Swiss definition of (legal) insider trading or transactions in Hong Kong and Wisniewski and Bohl (2005) report abnormal. 15 Nov 2018 571 – the Ordinance), and confirmed that it covers insider trading in shares listed outside Hong Kong. Introduction. Section 300 makes it an