---
title: "Hong Kong Securities and Futures Commission: Market manipulators sentenced to up to 240 hours of community service"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/247974783.md"
description: "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"
datetime: "2025-07-10T10:45:06.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/247974783.md)
  - [en](https://longbridge.com/en/news/247974783.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/247974783.md)
---

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

According to Zhitong Finance APP, on July 10, the Hong Kong Securities and Futures Commission announced that following the conviction of Lam Tai-fung (male) and his brother-in-law Ko Chun-nin (male) in a criminal prosecution previously initiated by the Hong Kong Securities and Futures Commission, the Eastern Magistrates' Court has sentenced the two to 240 hours and 160 hours of community service, respectively. Lam and Ko had earlier pleaded guilty to conspiracy to conduct false trading in shares of PASHUN INT'L (00574) from April 9, 2017, to March 7, 2018. Lam also admitted to eight counts of failing to notify the Hong Kong Stock Exchange Limited of changes in his interests in PASHUN shares between June 2, 2017, and March 14, 2018.

Acting Magistrate Zhu Zhongqiang emphasized during sentencing that the crimes committed by Lam and Ko were serious, and the court had considered imposing a prison sentence on the two. However, after considering all mitigating factors, the suitability report from the probation officer, and the defendants' guilty pleas, the court decided to impose community service orders on the two. The court also ordered Lam and Ko to pay investigation costs to the Hong Kong Securities and Futures Commission.

Mr. Christopher Wilson, Executive Director of the Regulatory Enforcement Division of the Hong Kong Securities and Futures Commission, stated: "Community service orders are not a lenient sentencing option. This order forces violators to take responsibility for their misconduct by performing unpaid work. The penalties imposed in this case highlight the court's firm stance against market manipulation offenses."

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