Ms. Lai Ka Yi began her two weeks' imprisonment after the Court of First Instance dismissed her appeal against her conviction and sentence for unlicensed activity in securities.
This article was generated using SAMS, an AI technology by Timothy Loh LLP.
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On May 15, 2025, Ms. Lai Ka Yi commenced a two-week prison term following the dismissal of her appeal against her conviction and sentence for engaging in unlicensed activities.
The sentence was issued by the Eastern Magistrates’ Court on October 30, 2024, following her conviction under Section 114(1)(b) and 114(8) of the Securities and Futures Ordinance. The conviction stemmed from her unlicensed business dealing in securities.
The Securities and Futures Commission ("SFC") reminded the public to verify the Public Register of Licensed Persons and Registered Institutions on its website to ensure proper licensing for service providers in securities.
Ms. Lai was granted bail pending her appeal, which was heard in the Court of First Instance on May 15, 2025, resulting in the dismissal of her appeal and a two-week prison sentence. Additionally, she was ordered to pay $98,000 in compensation to a victim of her unlicensed activities.
Detailed information on the offense can be found in the SFC’s press releases dated March 14, 2024, and October 30, 2024. The Court’s judgment is accessible on the Judiciary’s website, referenced as HCMA 459/2024.
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