{"id":29217,"date":"2024-06-14T13:20:07","date_gmt":"2024-06-14T13:20:07","guid":{"rendered":"https:\/\/prelive-tdw.visibleone.app\/insight-and-news\/insider-dealing-the-case-against-segantii-capital-management-limited-and-certain-officers\/"},"modified":"2025-09-22T03:08:42","modified_gmt":"2025-09-22T03:08:42","slug":"insider-dealing-the-case-against-segantii-capital-management-limited-and-certain-officers","status":"publish","type":"insight-and-news","link":"https:\/\/www.tannerdewitt.com\/zh-hant\/insight-and-news\/insider-dealing-the-case-against-segantii-capital-management-limited-and-certain-officers\/","title":{"rendered":"Insider Dealing \u2013 The case against Segantii Capital Management Limited and certain officers"},"content":{"rendered":"\n    \n\n<div style=\"background-image:url('https:\/\/www.tannerdewitt.com\/wp-content\/themes\/tanner-de-witt\/images\/insightdetails.jpeg')\"\n    class=\"insight-news-detail-hero\" id=\"insight-news-detail-hero\">\n\n\t\t<div style=\"background-color:\" class=\"insight-news-detail-hero-overlay \"><\/div>\n            <div class=\"z-[0]\">\n                <div class=\"insight-news-breadcrumbs flex items-end practice-areas-featured-breadcrumbs \">\n                    <a class=\"page-link no-underline\" href=\"https:\/\/www.tannerdewitt.com\/zh-hant\/\">Home<\/a>                <\/div>\n\n\n                <div class=\"hero-title\">\n                    <h1>\n                        Insider Dealing \u2013 The case against Segantii Capital Management Limited and certain officers                    <\/h1>\n                <\/div>\n                \n                    <div style=\"\" class=\"hero-date \">\n\n                        <span class=\"month\">Jun<\/span>\n                        <span class=\"day\">14<\/span>\n                        <span class=\"year\">2024<\/span>\n                    <\/div>\n\n            <\/div>\n    \n\n    \n\n\n\n<\/div>\n\n\n\n<script >\n    (function () {\n        document.addEventListener(\"DOMContentLoaded\", () => {\n\n            const breadCrumbsContainer = Array.from(document.querySelectorAll(\".practice-areas-featured-breadcrumbs\"));\n\n            breadCrumbsContainer.forEach(container => {\n                const breadCrumbLinks = Array.from(container.querySelectorAll('.page-link'));\n                const breadCrumbSeperators = Array.from(container.querySelectorAll('.separator'));\n\n                if (Array.from(breadCrumbLinks).length === 1) {\n                    const homeNode = breadCrumbLinks[0];\n\n                    if (!homeNode) {\n                        return\n                    }\n\n                    const postTypeNode = homeNode.cloneNode(true);\n                    postTypeNode.textContent = \"Insights and News\";\n                    container.insertAdjacentHTML('beforeend', `<span class=\"separator practice-areas-featured-breadcrumb-item-slash\">\/<\/span>`)\n                    container.insertAdjacentElement('beforeend', postTypeNode)\n                    breadCrumbLinks.push(postTypeNode);\n\n                    if (\"Insights\") {\n                        const categoryNode = homeNode.cloneNode(true);\n\n                        categoryNode.textContent = \"Insights\";\n                        container.insertAdjacentHTML('beforeend', `<span class=\"separator practice-areas-featured-breadcrumb-item-slash\">\/<\/span>`)\n                        container.insertAdjacentElement('beforeend', categoryNode)\n                        breadCrumbLinks.push(categoryNode);\n                    }\n\n\n                    const titleNode = homeNode.cloneNode(true);\n\n                    titleNode.textContent = \"Insider Dealing \u2013 The case against Segantii Capital Management Limited and certain officers\";\n                    container.insertAdjacentHTML('beforeend', `<span class=\"separator practice-areas-featured-breadcrumb-item-slash\">\/<\/span>`)\n                    container.insertAdjacentElement('beforeend', titleNode)\n                    breadCrumbLinks.push(titleNode);\n\n\n\n\n                }\n\n                breadCrumbLinks.forEach((link, index) => {\n\n                    link.classList.add('practice-areas-featured-breadcrumb-item-name');\n                    const origin = window.location.origin;\n                    const href = window.location.href;\n\n                    const originSplitter = window.location.href.includes(\"insight-and-news\") ? \"insight-and-news\" : window.location.href.includes('insights-and-news') ? \"insights-and-news\" : \"\"\n\n                    const paths = href.split(originSplitter);\n                    const links = paths[1].split(\"\/\").filter(Boolean)\n\n\n                    const resolvedOrigin = originSplitter ? (href.split(originSplitter)[0] || \"\") : (origin + \"\/\")\n\n                    if (index === 0) {\n\n                        if (!originSplitter) {\n                            link.href = origin\n                        } else {\n                            link.href = resolvedOrigin;\n                        }\n\n\n                    } else if (index === 1) {\n                        link.href = resolvedOrigin + originSplitter\n\n                    }\n                    else if (index === 2) {\n                        console.log(links)\n                        link.href = resolvedOrigin + originSplitter + \"\/\" + (links[0] || \"\")\n                    }\n                    else if (index === 3) {\n\n                        link.href = resolvedOrigin + originSplitter + \"\/\" + (links[0] || \"\") + \"\/\" + (links[1] || \"\")\n\n                    }\n\n\n\n                    \/\/ const words = link.textContent.split(\" \")\n                    \/\/ if (words.length > 4) {\n                    \/\/     link.textContent = words.slice(0, 4).join(\" \") + \"...\"\n                    \/\/ }\n\n                })\n\n                breadCrumbSeperators.forEach(separator => {\n                    separator.textContent = \"\/\"\n                    separator.classList.add('practice-areas-featured-breadcrumb-item-slash')\n                });\n\n\n            })\n\n\n        })\n        removeDivTag()\n    })();\n\n    function removeDivTag() {\n        console.log(\"remasfljas\");\n        const editorContainer = document.querySelector(\".editor-wysiwyg\");\n        \/\/ editorContainer.innerText = editorContainer.innerText.replace(\"<\/div>\", \"\")\n        Array.from(editorContainer.childNodes).forEach(el => {\n            if (el.textContent.includes(\"<\/div>\")) {\n                el.textContent = \"\"\n            }\n        })\n    }\n<\/script>\n\n<div class=\"editor-wysiwyg my-[40px]\">\n<div class=\"single-section\">\n<div class=\"single-section\">\n<p>On 2 May 2024, the Securities and Futures Commission (\u201c<strong>SFC<\/strong>\u201d) announced that it has commenced criminal proceedings against Segantii Capital Management Limited (\u201c<strong>Segantii<\/strong>\u201d), its director and chief investment officer Mr Simon Sadler, and former trader Mr Daniel La Rocca (together, the \u201c<strong>Officers<\/strong>\u201d) for the offence of insider dealing in the shares of a company listed on the Stock Exchange of Hong Kong Limited prior to a block trade in June 2017.<\/p>\n<p>On 12 June 2024, the Eastern Magistrates\u2019 Court granted an application by the Department of Justice to transfer the case against Segantii and the Officers to the District Court. The first hearing in the District Court is scheduled to take place on 2 July 2024.<\/p>\n<p><strong>Commentary<\/strong><\/p>\n<p>The ongoing case against Segantii and the Officers highlights the possible consequences of dealing in, or procuring another person to deal in, any listed securities when you are in possession of inside information unless one of the relevant defences apply. The offence of insider dealing carries a maximum penalty of 10 years imprisonment and a fine of HK$10,000,000.<\/p>\n<p>The Department of Justice\u2019s intention for transferring the case to the District Court is likely due to the difference in the maximum sentence that can be imposed against Segantii and the Officers in the Magistrates\u2019 and District Court and appears to demonstrate the seriousness with which they are treating this case. The Magistrates\u2019 Court may impose a maximum sentence of 2 years imprisonment for a single offence (and up to 3 years imprisonment where there are two or more indictable offences being dealt with at the same time), whereas the District Court may impose a maximum sentence of 7 years imprisonment.<\/p>\n<p>\u00a0<\/p>\n<p class=\"has-text-align-right\"><strong><em>Russell Bennett and John Lee<\/em><\/strong><\/p>\n<p>If you want to know more about the content of this article, please contact:<\/p>\n<p><a href=\"https:\/\/www.tannerdewitt.com\/our-people\/russell-bennett\/\">Russell Bennett<\/a><\/p>\n<p>Partner |\u00a0<a href=\"mailto:russellbennett@tannerdewitt.com\">Email<\/a><\/p>\n<p><em>Disclaimer: This publication is general in nature and is not intended to constitute legal advice. You should seek professional advice before taking any action in relation to the matters dealt with in this publication. This article was last updated<\/em>\u00a0<em>on 14 June 2024<\/em>.<\/p>\n<p class=\"has-text-align-right\">\u00a0<\/p>\n<div class=\"category-list\"><a href=\"https:\/\/www.tannerdewitt.com\/russell-bennett-1\/\" rel=\"category tag\">Russell Bennett<\/a>,\u00a0<a href=\"https:\/\/www.tannerdewitt.com\/news-media\/latest-news\/\" rel=\"category tag\">Latest News<\/a>,\u00a0<a href=\"https:\/\/www.tannerdewitt.com\/news-media\/\" rel=\"category tag\">News &amp; Media<\/a>,\u00a0<a href=\"https:\/\/www.tannerdewitt.com\/legal-updates\/\" rel=\"category tag\">Legal Updates<\/a><\/div>\n<\/div>\n<\/div>\n<\/div>\n\n\n\n\n<\/div>","protected":false},"excerpt":{"rendered":"<p>On 2 May 2024, the Securities and Futures Commission (\u201cSFC\u201d) announced that it has commenced criminal proceedings against Segantii Capital Management Limited (\u201cSegantii\u201d), its director and chief investment officer Mr Simon Sadler, and former trader Mr Daniel La Rocca (together, the \u201cOfficers\u201d) for the offence of insider dealing in the shares of a company listed [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"template":"","meta":{"_acf_changed":false,"footnotes":""},"tags":[],"insight-category":[1121],"insight-month":[1153],"insight-practice-area":[],"insight-year":[1159],"class_list":["post-29217","insight-and-news","type-insight-and-news","status-publish","hentry","insight-category-legal-updates-and-insights","insight-month-june","insight-year-1159"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.tannerdewitt.com\/zh-hant\/wp-json\/wp\/v2\/insight-and-news\/29217","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.tannerdewitt.com\/zh-hant\/wp-json\/wp\/v2\/insight-and-news"}],"about":[{"href":"https:\/\/www.tannerdewitt.com\/zh-hant\/wp-json\/wp\/v2\/types\/insight-and-news"}],"author":[{"embeddable":true,"href":"https:\/\/www.tannerdewitt.com\/zh-hant\/wp-json\/wp\/v2\/users\/1"}],"version-history":[{"count":1,"href":"https:\/\/www.tannerdewitt.com\/zh-hant\/wp-json\/wp\/v2\/insight-and-news\/29217\/revisions"}],"predecessor-version":[{"id":30430,"href":"https:\/\/www.tannerdewitt.com\/zh-hant\/wp-json\/wp\/v2\/insight-and-news\/29217\/revisions\/30430"}],"wp:attachment":[{"href":"https:\/\/www.tannerdewitt.com\/zh-hant\/wp-json\/wp\/v2\/media?parent=29217"}],"wp:term":[{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.tannerdewitt.com\/zh-hant\/wp-json\/wp\/v2\/tags?post=29217"},{"taxonomy":"insight-category","embeddable":true,"href":"https:\/\/www.tannerdewitt.com\/zh-hant\/wp-json\/wp\/v2\/insight-category?post=29217"},{"taxonomy":"insight-month","embeddable":true,"href":"https:\/\/www.tannerdewitt.com\/zh-hant\/wp-json\/wp\/v2\/insight-month?post=29217"},{"taxonomy":"insight-practice-area","embeddable":true,"href":"https:\/\/www.tannerdewitt.com\/zh-hant\/wp-json\/wp\/v2\/insight-practice-area?post=29217"},{"taxonomy":"insight-year","embeddable":true,"href":"https:\/\/www.tannerdewitt.com\/zh-hant\/wp-json\/wp\/v2\/insight-year?post=29217"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}