News Snapshot:
Under s.213 of Securities and Futures Ordinance (Cap. 571) (“SFO”), the Securities and Futures Commission (“SFC”) may apply to the High Court for a wide range of remedial orders to compensate entities and victims of market misconduct and other violations as prescribed under the SFO. In two recent cases, Securities and Futures Commission v. DFRF Enterprises LLC and Ors1 and Securities and Futures Commission v. Maxim Capital Limited and Anor2, the SFC successfully obtained compensation under s.213 of the SFO for aggrieved public investors who were victims of investment fraud. DFRF is a limited liability company incorporated in the US....
