The Securities and Futures Commission (SFC) and The Stock Exchange of Hong Kong Limited (HKEX) are taking enforcement action against FingerTango Inc. and its eight former directors for misconduct that resulted in over $660 million in losses. The investigation revealed unauthorized investments and loans, prompting the SFC to seek disqualification and compensation orders from the Court of First Instance. Officials stressed the importance of diligent oversight by directors to protect corporate assets and ensure effective governance.
Resources: https://apps.sfc.hk/edistributionWeb/gateway/EN/news-and-announcements/news/doc?refNo=25PR7
