Hong Kong Regulations

SECURITIES AND FUTURES (CONTRACT NOTES, STATEMENTS OF ACCOUNT AND RECEIPTS) RULES - SECT 19

Penalties

(1) An intermediary, or an associated entity of an intermediary, which,
without reasonable excuse, contravenes any provision of these Rules that
applies to it, commits an offence and is liable on conviction to a fine at
level 4.

(2) An intermediary, or an associated entity of an intermediary, which, with
intent to defraud, contravenes any provision of these Rules that applies to
it, commits an offence and is liable-

   (a)  on conviction on indictment to a fine of $1000000 and to imprisonment
        for 7 years; or

   (b)  on summary conviction to a fine of $500000 and to imprisonment for 1
        year.