SFC Hong Kong Enforcement
Thursday, April 9, 2026
Impression Investment Fined $2M for Supervisory Failures Over Staff Trading
The SFC fined Impression Investment Limited $2 million and banned former responsible officer Liu Shan from the industry for eight months for failing to supervise staff trading activities. Between 2016-2021, Liu conducted over 2,500 unauthorized personal transactions and traded in the same securities as managed funds, violating Fund Manager Code of Conduct requirements.
Urgent
Enforcement
Securities
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