Hong Kong Securities And Futures Commission: Former Account Executive Of Fulbright Securities Limited Jailed For Securities Fraud

The Eastern Magistrates’ Court today sentenced Mr Danny Fung Kwong Shing to two-and-a-half months’ imprisonment following his conviction of the offences of engaging in fraud or deception in transactions involving securities under section 300 of the Securities and Futures Ordinance (SFO) in a prosecution brought by the Securities and Futures Commission (Notes 1 & 2).

The Court granted bail to Fung pending his appeal against sentence.

Notes:

1. On 13 October 2022, Fung pleaded guilty to 25 counts of the offence of engaging in fraud or deception in transactions involving securities under section 300 of the SFO.  The Court today imposed the same jail term for each count and ordered them to be served concurrently.
2. Please refer to the SFC’s press release dated 14 October 2022 for details.