Securities and Futures Commission
Dotcom found Hong Kong to his liking and registered Kimpire Limited in December 2003, soon after moving there. He set up a network of interlinked companies, including Trendax, which he said was an artificial intelligence-driven hedge fund. However, Trendax was never registered with Hong Kong's Securities and Futures Commission and the company was legally not allowed to accept investments or to conduct trades. After moving to New Zealand, Dotcom didn't disclose his investment activity to the Securities and Futures Commission and was fined HK$8,000.