67
without first giving the
registered person and, in
the case of a registered
person that is
corpo
ration any director
,
secretary or person
concerned
>
i n its
management an opportu·
nity of being heard.
4 Every decision of
the Commission imposing a
penalty under subsection 2
on a per son shall be
notified to that person in
writing and shall include
a statement of the reasons
on which it is based.
(5 For the purp
e s
of this sect i
o n
"misconduct" means
(a) any failure to
Comply with any
requirement of or
i posed by or
u n der this
Ordinance or the
Securities and
Futures Commission
Ordinance 1989
(of
of 1989) with
respect to
dealers, invest-
ment advisers
representatives;
or