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Enoch Yiu

An investor has been given a suspended jail sentence for warrant manipulation during three closing auction sessions last year. Chang Kar-hung pleaded guilty in the Eastern Magistracy yesterday to three counts of false trading. He was sentenced to jail for two months, suspended for 12 months, and ordered to pay a fine of HK$9,000 and HK$29,263 in investigation costs to the Securities and Futures Commission. Chang manipulated the closing prices of two derivative warrants with underlying assets linked with shares of Bank of China and Industrial and Commercial Bank of China. 



Investor receives suspended sentence