Hong Kong's SFC Fines Dealers For Unauthorized Forex Trading
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Hong Kong's Securities and Futures Commission (SFC) announced that it has successfully prosecuted three Macau-based dealers for illegally acting as leveraged foreign exchange traders while not holding forex licences. The fines that the trio received--HK$100,000 each--are the highest ever imposed in Hong Kong for illegal FX dealing.
Ng Hoi Pang, Leung Pok Lun and Yiu Yau Choi all pleaded guilty before Polly Lo at Western Magistrates Court in Hong Kong for conducting unlicensed leveraged foreign
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