Hong Kong SFC Fines Victory Securities HK$1.7 Million, Suspends Executive Licenses

According to Hong Kong Securities and Futures Commission (SFC), Victory Securities Limited received a HK$1.7 million fine and suspension of executives' licenses for regulatory violations. The firm suspended virtual asset trading functions for mainland China users in February 2026, retaining only withdrawal rights while halting deposits and new transactions to comply with SFC requirements and mainland policies.
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