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The Securities and Futures Commission (SFC) today issues a notice to investors who were counterparties of convicted futures trader Tsoi Bun but have not come forward to receive compensation under an order made by the Court.
Tsoi was convicted of false trading and/or price rigging on the futures market. In 2014 he was ordered to pay over $13 million into the Court to compensate each of the counterparties to his false trading and/or price rigging (Note 1).
Despite attempts by the Administrators to locate all counterparties, 207 investors have not come forward and about $4.6 million remains unclaimed.
These counterparties are advised to follow the steps set out in the notice if they wish to receive compensation (Note 2).
Notes:
- Please see the SFC’s press release dated 14 January 2014.
- A copy of the notice is available on the SFC website.
