SFC Begins Market Misconduct action for Late Disclosure of Inside Info
SFC Commences Market Misconduct Proceedings for Alleged Breaches of Inside Information Disclosure Requirements
The SFC has commenced proceedings in the Market Misconduct Tribunal against two companies for alleged breaches of the inside information disclosure requirements under the Securities and Futures Ordinance (SFO). Senior executives of those companies were also charged with reckless or negligent conduct that caused the alleged breaches. The statutory regime for inside information disclosure under Part XIVA of the SFO came into effect two years ago on 1 January 2013. Read more