Read the full judgment text of HCMP 003039/1992 on BabelCite. This High Court CFI judgment was delivered on 8 January 1993.
1. The Securities and Futures Commission (the Commission) was established on the 1st May 1989 by the Securities and Futures Commission Ordinance, Cap.24 (the SFC Ordinance). The Commission was set up in the wake of the stock market crisis that occurred in October 987. Amongst its functions is the power to carry out investigations into possible offences of fraud in the dealing of securities.