Hong Kong
Retail trader sentenced to 18 months' imprisonment
for securities fraud via illegal short selling
The Eastern Magistrates' Court has sentenced Ms Christine Yeung Tak Sum, a
retail trader, to 18 months' imprisonment following her
conviction in February 2024 for securities fraud involving illegal
short selling (see our previous updates in November 2023 and February 2024).
This is the first case where an individual has been convicted
for the offence of employing a fraudulent or deceptive scheme with
intent to defraud in transactions involving securities (under
section 300 of the Securities and Futures Ordinance) in the context
of illegal short selling. The case stemmed from a complex
ramp-and-dump investigation.
