Hong Kong SFC Sues LET Group Chairman Andrew Lo for Alleged Misconduct

The Securities and Futures Commission (SFC) of Hong Kong has initiated legal proceedings against Andrew Lo, the Chairman and controlling shareholder of both LET Group Holdings and Summit Ascent Holdings. This legal action follows allegations of misconduct related to the handling of a substantial business transaction involving both companies’ Russian assets. As a result, trading […]

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Oct 2, 2024 - 08:50
Hong Kong SFC Sues LET Group Chairman Andrew Lo for Alleged Misconduct

The Securities and Futures Commission (SFC) of Hong Kong has initiated legal proceedings against Andrew Lo, the Chairman and controlling shareholder of both LET Group Holdings and Summit Ascent Holdings. This legal action follows allegations of misconduct related to the handling of a substantial business transaction involving both companies’ Russian assets. As a result, trading […]