Odaily Planet Daily News Sun Yuchen publicly accused First Digital Trust (FDT) of violating the Hong Kong Securities and Futures Ordinance on the X platform. According to its disclosure: First Digital Trust (FDT) blatantly ignored all fiduciary obligations and regulatory norms, claiming to manage the Aria Commodity Finance Fund's securities portfolio of up to US$501.8 million on behalf of Techteryx in its own legal name. According to the Hong Kong Securities and Futures Ordinance (SFO), any individual or company that provides securities portfolio management services must hold a Type 9 license from the Hong Kong Securities and Futures Commission, unless the service is limited to its wholly-owned subsidiaries or provided by its 100%-controlled parent company. Obviously, FDT is not only ignoring the basic principles of the trust industry, but also openly defying Hong Kong's legal provisions on banking and investment. In other words, its behavior has completely disregarded Hong Kong's regulatory agencies and law enforcement agencies.