The Securities and Futures Commission (SFC) has issued restriction notices to four brokers—Interactive Brokers Hong Kong, SBI China Capital, Monmonkey Group Securities, and Soochow Securities—due to suspected market manipulation and fraud involving unauthorized online trades through hacked accounts between October 24 and November 6, 2024. The notices prevent these brokers from dealing with or processing certain assets, totaling up to $91 million, without prior consent from the SFC. This action aims to protect the public interest while the investigation continues, with assistance from the Hong Kong Police’s Cyber Security and Commercial Crime Bureaus.
Resources: https://apps.sfc.hk/edistributionWeb/gateway/EN/news-and-announcements/news/doc?refNo=24PR200
