To: Francois Goelo who wrote (775 ) 4/24/1999 4:42:00 PM From: StockDung Respond to of 10354
irasia.com -------------------------------------------------------------------------------- SECURITIES & FUTURES COMMISSION TO THE BUSINESS EDITOR FOR IMMEDIATE RELEASE 18 March 1999 Press Release SFC Takes Action Against Unregistered Dealer's representative The Securities and Futures Commission announced that it had successfully prosecuted Kong York Hay (Kong) and Ng Henry Kai Wah (Ng) for acting as dealer's representatives of Amber Global Limited (AGL) whilst unregistered. Kong and Ng today pleaded guilty before Ms Suzanna Remedios at Western Magistracy. Kong and Ng were fined $2,000 each and ordered to pay costs totalling $8,000 to the SFC. The SFC investigation revealed that during the period 1 April to 30 July 1998, AGL acted as an agent in Hong Kong for Amber Securities Corporation (ASC), a company registered with the Securities and Exchange Commission of the United States as a securities broker. Sales staff of AGL, including Kong and Ng, were engaged in recruiting clients in Hong Kong to open accounts with ASC and then receiving securities trading instructions for onward transmission to ASC. AGL, Kong and Ng were not registered with the SFC in any capacity. For further information, please contact Chan Chi-keung at 2842-7624 or Cherry Pu at 2840-9289. -------------------------------------------------------------------------------- Source: Hong Kong Securities & Futures Commission -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- © Copyright 1996-99 Keytech Research & Development Ltd. All rights reserved. Most data in "irasia.com" is proprietary, protected by copyrights and remains the property of the respective providers. Information provided within irasia.com, and the use of which, is subject to our Disclaimer.