Read the full judgment text of HCMA 779/2009 on BabelCite. This High Court CFI judgment was delivered on 7 May 2010.
1. The appellant was summonsed for the offence of “performing, without reasonable excuse, a regulated function in relation to a regulated activity, namely, leveraged foreign exchange trading, carried on as a business by Glory Sky Global Markets Investment Limited when he was not licensed to do so”, contrary to sections 114(3)(a) and (9) of the Securities and Futures Ordinance. He was convicted after trial and fined $1,500. He now appeals against the conviction.
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