The Securities and Futures Commission (SFC) has issued restriction notices to Fulbright Securities Limited, Futu Securities International (Hong Kong) Limited and Gong Ping Securities Limited (brokers), prohibiting them from accepting or placing orders on listed derivative warrants in client accounts linked to suspected market misconduct (Notes 1 & 2).
The SFC is not investigating the brokers, which have cooperated with the SFC’s ongoing investigation. The restriction notices do not affect their operations or their other clients.
The restriction notices prohibit the brokers, without the SFC’s prior written consent, from accepting instructions to place or placing, through the client accounts or on behalf of the client holding the accounts, any buy or sell order on any derivative warrants listed on the stock market operated by the Stock Exchange of Hong Kong Limited.
The SFC considers that the issue of the restriction notices is desirable in the interest of the investing public or in the public interest.
The SFC’s investigation is continuing.
