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Record jail sentence imposed for market manipulation in Hong Kong

View of the Hong Kong skyline.
Photo: Alexi Rosenfeld/Getty Images

Jean Hurley

2 min read
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Three jailed in landmark market manipulation case led by a collaboration between local and overseas regulators.

The toughest jail sentence imposed on market manipulation cases since the Securities and Futures Ordinance (SFO) came into effect in 2003 has been levied on the perpetrators of a ramp and dump scheme.

On July 22, 2024, the Court of First Instance sentenced Ms Sit Yi Ki and Mr Tam Cheukguilty in

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