The Securities and Futures Commission (SFC) has issued a restriction notice to Kingston Securities Limited, preventing it from dealing with certain assets in a client account linked to a board member of a listed corporation suspected of misconduct. While Kingston is cooperating with the investigation and is not under scrutiny itself, the notice ensures the preservation of assets for potential legal actions and public interest. Kingston must also report any instructions related to these restrictions to the SFC. The notice does not affect Kingston’s operations or its other clients.
Resources: https://apps.sfc.hk/edistributionWeb/gateway/EN/news-and-announcements/news/doc?refNo=24PR146
