Financial Regulatory Forum

Insider Trading: Hong Kong’s Not So Smooth Criminals

September 14, 2011

Hong Kong's central financial district's (L-R) Bank of China Tower, Cheung Kong Centre, HSBC headquarters, Standard Chartered Bank and Legislative Council (front L) are pictured lighted up before Earth Hour, March 26, 2011. REUTERS/Bobby YipBy Helen H. Chan (Hong Kong)

(Business Law Currents) – The Hong Kong Securities and Futures Commission (SFC) is putting the clamp on white collar criminals. Seeking to deprive convicted offenders of their freedom as well as their illicit gains, the watchdog is cracking down hard on insider dealing in the special administrative region. Recent disciplinary actions initiated by the watchdog are sending a strong message that all inside deals, even small missteps, will be prosecuted to the full extent of the law.

Seven insider dealing suspects head for UK court

April 14, 2010

   LONDON, April 14 (Reuters) – Seven men charged with running an insider trading ring with information gleaned from the London printers of Swiss bank UBS AG <UBSN.VX><UBS.N> and UK brokerage Cazenove <JPM.N> will appear in a British court on Wednesday. (more…)

UK regulator still missing biggest insider dealers

April 13, 2010

By Tom Bergin
LONDON, April 13 (Reuters) – The UK financial watchdog’s recent moves to stamp out insider dealing focus on relatively minor abuses and big league market corruption will be eliminated only by tackling the large banks and fund managers head on. (more…)

FACTBOX – Britain makes arrests in insider dealing probe

March 24, 2010

LONDON, March 24 (Reuters) – A raid on top banks and a hedge fund on Tuesday as part of an insider dealing investigation sent shockwaves through London’s financial centre, as British authorities try to establish their crime-fighting credentials.