• HK SFC said Ms Christine Yeung Tak Sum is facing trial in Eastern Magistrates’ Court for charges related to fraudulent scheme in securities transactions, illegal short selling.
• This case marks the first prosecution by HK SFC involving a defendant accused of employing a fraudulent scheme in securities transactions tied to illegal short selling.

Allegation

• Yeung, along with unidentified individuals, used scheme to defraud or deceive broker, Aristo Securities Limited, which included submitting false settlement instructions form.