
Hong Kong Securities and Futures Commission: Market manipulators sentenced to up to 240 hours of community service

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The Hong Kong Securities and Futures Commission announced that Lam Tai-fung and his brother-in-law Ko Chun-nin were sentenced to 240 hours and 160 hours of community service respectively for market manipulation. The two admitted to conducting false transactions regarding the shares of PASHUN INT'L from 2017 to 2018 and failing to timely notify changes in equity. The court considered various factors and decided not to impose imprisonment, instead opting for community service as punishment, emphasizing that this ruling demonstrates a strict stance against market manipulation
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