The Court of Final Appeal has dismissed the application lodged by Mr Lo Kam Chung for leave to appeal against the judgment handed down by the Court of First Instance on the sentence imposed on him for carrying on an unlicensed securities business.
Lo’s application was dismissed as it disclosed no reasonable grounds for leave to appeal.
In December 2011, Lo was convicted in the Magistrates Court of carrying on a business of advising on securities via Facebook when he was not licensed by the Securities and Futures Commission (SFC).
He was fined $20,000 and given a community service order of 80 hours.
Lo appealed his sentence in May this year to the Court of First Instance, which lowered the fine imposed on him but upheld the community service order (Note 1).
Note:
- Please see SFC’s press releases dated 15 December 2011 and 14 May 2012.
