Banker resigns from Hong Kong cabinet over insider trading case

Feb 17, 2008 · HONG KONG — A prominent Asian banker and former Dow Jones board member, David Li, has resigned from the Hong Kong cabinet after settling civil charges of …

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Banker Leaves Hong Kong Post - The New York Times

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Feb 17, 2008 · David Li, the Hong Kong banker and lawmaker who is paying $8.1 million to settle an insider-trading case involving Dow Jones, resigned from his city council post.

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Segantii Founder Simon Sadler Could Face A Longer Sentence As …

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May 23, 2024 · British $4.8 billion hedge fund founder Simon Sadler could face a longer sentence as Hong Kong insider trading case set to move to a higher court. BY Dorothy Ma, Bei Hu, …

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Former Banker Ordered To Disgorge $3 Million Illegal Gains From …

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Aug 5, 2024 · The Market Misconduct Tribunal (MMT) has ordered Mr Wu Kam Shing, a former executive deputy general manager of China CITIC Bank International Limited, to disgorge …

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Court Orders Insider Dealers To Pay HK$12.9 Million To 63

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Jun 10, 2022 · View PDF. Authored by: Peter So and Victor Wong On 9 November 2021, the Court of First Instance declared that three individuals committed the offence of insider dealing …

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FAQs about Banker resigns from Hong Kong cabinet over insider trading case Coupon?

How long do insider trading convictions last in Hong Kong?

Insider trading convictions carry a maximum 10 years imprisonment in Hong Kong. The District Court also differs in that it typically hears cases with a judge alone, whereas the High Court generally includes a judge and jury, according to a legal overview from the Legal and Technology Centre at the University of Hong Kong. ...

Did Segantii help banks pull off big block trades in Hong Kong?

Hong Kong’s Securities and Futures Commission, the Department of Justice and Segantii declined to comment. The allegations mark the latest regulatory trouble for Segantii, a star hedge fund firm in Asia often credited with helping banks pull off challenging deals, including large block trades. ...

Will a higher Hong Kong Court hand out longer sentences?

The insider trading case against hedge fund Segantii Capital Management Ltd. and its founder Simon Sadler is moving to a higher Hong Kong court that can hand out longer sentences for convictions, according to people familiar with the matter. ...

Why are hedge funds negotiating office surrenders in Hong Kong?

With Hong Kong’s landlords already struggling to fill space, hedge funds that have shut down or retrenched sometimes spend months negotiating office surrenders. Companies have been tightening their budgets amid higher borrowing costs, weak business confidence and geopolitical concerns. ...

Will Hong Kong transfer criminal cases to District Court?

Hong Kong authorities plan to transfer the criminal proceedings to the District Court from a Magistrates’ Court that’s currently handling the case, the people said. The District Court can impose sentences of up to seven years in prison for convictions, compared with two to three years at the lower court. ...

Did South Korean regulators fine Segantii for 'certain hedging trades'?

In December, South Korean regulators fined Segantii 1.48 billion won ($1.08 million) for “certain hedging trades.” Sadler, a former trader at Dresdner Kleinwort Wasserstein and Deutsche Bank AG, founded the firm in Hong Kong in 2007 with $26.5 million. ...