HK retail investor convicted of false trading

Hong Kong’s Eastern Magistrates’ court on Friday convicted Chan Wing Fai on seven counts of false trading; he has been remanded in jail custody pending sentencing on April 29. This follows a similar case involving the same retail investor five years ago. Chan faced eight charges of creating a false or misleading appearance with respect to the price of Sonavox International Holdings and Pacmos Technologies Holdings, contrary to section 295 of the Securities and Futures Ordinance. H…