(4)
Every decision of
the Commission imposing a
penalty under subsection (2)
on a person shall be notified
to that person in writing and
shall include a statement of
the reasons on which it is
based.
(5) For the purposes of
this section "misconduct"
means
(a)
(b)
any failure to
comply with any
requirement of or
imposed by or under
this Ordinance or
the Securities and
Futures Commission
Ordinance 1989 (
of 1989) with
respect to dealers,
investment advisers
or representatives;
any failure to
observe the terms