The SFC discovered that from July to September 2012, solicited two customers to invest in a WWGL-operated investment scheme with futures contracts and options.
Chan guaranteed a 5% monthly return rate in three months’ time. The investors gave a total of $850,000 a d lost approximately $710,000.
The Hong Kong regulator found that WWGL dealt in futures contracts and asset management without licence as a result of Chan’s recklessness.
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