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Hong Kong’s SFC published restriction notification on suspected ramp-and-dump fraud

Hong Kong’s SFC published restriction notification on suspected ramp-and-dump fraud

The Securities and Futures Commission published a notification for Emperor Securities Limited and Get Nice Securities Limited. As stated in this document, user profiles involved in ramp-and-dump fraud were prohibited.

Financial authorities restricted firms from collaborating with 17 users profiles as well as providing them with any kind of support. These profiles were involved in trying to influence the trading market this October.

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