The Eastern Magistrates’ Court has scheduled a pre-trial review for 24 July 2025 in the case of Mr. Chau Pak Yin, a finfluencer, charged with unlicensed securities advising.
This article was generated using SAMS, an AI technology by Timothy Loh LLP.
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On May 8, 2025, the Eastern Magistrates’ Court scheduled a pre-trial review for July 24, 2025, for a case brought by the Securities and Futures Commission ("SFC") against Mr. Chau Pak Yin, a well-known finfluencer, who pleaded not guilty to advising on securities without a licence.
Chau, who is also known as “Futu大股東” or “富途大股東” on social media platforms, faces allegations from the SFC of advising on securities from April 16, 2021, to May 14, 2021, without holding the required SFC licence. These actions allegedly violated the Securities and Futures Ordinance ("SFO").
Under the SFO, specifically Schedule 5, advising on securities is considered a regulated activity. Moreover, sections 114(1)(a) and 114(8) of the SFO prohibit carrying on such a business without a valid licence. The prosecution seeks to uphold the SFO, which aims to maintain financial stability and investor protection through the regulation of these activities.
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