Hong Kong’s Securities and Futures Commission (SFC) has issued restriction notices to Futu Securities International (Hong Kong) Limited and Interactive Brokers Hong Kong Limited, prohibiting them from dealing with or processing assets held in their client accounts which are owned by a former member of the board of directors of a corporation listed on the Main Board of the Stock Exchange of Hong Kong Limited at the material time.
The former member of the board of directors is suspected of committing misconduct and breaching his duty towards the corporation.
The SFC is not investigating Futu or Interactive, both of which have cooperated with the SFC’s investigation. The restriction notices do not affect them or their other clients.
The restriction notices prohibit the two brokers, without the SFC’s prior written consent, from disposing…
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