Property News · October 19, 2016

Hong Kong bans short-seller Andrew Left from market for five years


A Hong Kong tribunal banned US short-seller Andrew Left from trading on the city’s market for five years after publishing “false and/or misleading” claims about a company listed there.
Left must repay HK$1.6 million in trading profits, pay about HK$4 million in legal expenses, and will face criminal prosecution if he breaks Hong Kong rules again, the Market Misconduct Tribunal said Wednesday. The penalties follow the tribunal’s August ruling that Left’s Citron…

Source : South China Morning Post
Read more…Hong Kong bans short-seller Andrew Left from market for five years

You may also like...