3 Feb 2021
The Market Misconduct Tribunal (MMT) has ordered that Ms Li Yik Shuen be banned from dealing in securities in Hong Kong for two years, effective from 2 February 2021, after finding her culpable of engaging in insider dealing in the shares of Meadville Holdings Limited (Meadville) following proceedings brought by the Securities and Futures Commission (SFC).
The MMT has also issued a cease and desist order against Li not to engage in insider dealing again in the future.
Li has been ordered to disgorge her profit of $546,817.43 from insider trading in Meadville shares and to pay the SFC’s investigation and legal costs, as well as the costs of the MMT proceedings.
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