Resources

Jimmy was a sales manager of a renowned securities firm who was assigned to allocate shares of a to-be-listed company to clients. He received numerous requests for purchase from investors, including his favorite client Amy…

Margaret was an account manager of a brokerage company.  Daniel, her client, treated her and her subordinates to a luxurious dinner and offered her an antique watch after earning a good sum of money in his investment.

Alan is a senior portfolio manager of a pension fund in a large asset management  corporation.    He  is  also  a  member  of  the  company’s  broker selection committee and has an influence on the proportion of business allocated to external brokers.   Agnes is an account manager of a brokerage firm which, to Alan’s knowledge, charges a higher brokerage rate but offers a poor level of service.    On  one  occasion,  Agnes  invites  Alan  to  join  her  for  a  drink  and eventually explains to him that she is prepared to rebate him if he can persuade other members in the selection committee to direct business to her.   To get things moving, she proposes placing $100,000 into Alan’s bank account. Succumbing to the temptation, Alan gives Agnes his account number.  This "under-the-table" arrangement is finally exposed and reported to the ICAC by a colleague of Alan.   Both Alan and Agnes are arrested even before they execute the corruption deal.

Ken is working for an international futures trading company as a dealing manager.   His company often receives orders from fund managers whose moves can significantly affect the market.  Taking this opportunity, Ken makes some secret arrangements with Anna, a dealer of another futures trading company, that whenever Ken receives "purchase" orders from his company, he will call Anna immediately to advise her to buy contracts.   After Anna has completed her order, Ken executes his company’s orders.   Since his company’s orders are usually in bulk, the price of the futures contract is driven up within a short time interval. Anna then sells the contracts and shares the profit with Ken.   Similar arrangements are made when Ken receives "sell" orders from the company.

Dominic is a sales manager of a brokerage company and he has a few corporate clients.   One of his clients is a listed company named Treasure Hunt. During a cocktail reception, the financial controller of Treasure Hunt, Tony, talks to Dominic about his plan to make some short-term financial gains.   According to Tony’s knowledge, an international corporation is planning to inject capital into Treasure Hunt, and he foresees its share price will rocket up if the deal is made. Tony, therefore, suggests to collaborate with Dominic to buy Treasure Hunt shares in advance.

With keen interest, Dominic further proposes to purchase the stocks through an external broker in order to disguise their identities.   A week later Treasure Hunt announces the capital injection arrangement and, as anticipated, its share price goes sky-high.   Dominic and Tony, having made a good profit, immediately sell their shares.