Banker David Li Resigns From HK Cabinet over Dow Jones Insider Trading case

I suggested in a previous blog entry that Mr. David Li, after paying the SEC millions of dollars to settle an insider trading case, should do the honourable thing and resign from both the Executive Council and the Legislative Council of Hong Kong. I am happy to report Mr. Li has finally resigned from the Executive Council of HK,

1. David Li Resigns From Hong Kong Cabinet - WSJ
2. Hong Kong Banker David Li Quits City’s Cabinet After SEC Payout - Bloomberg
3. Tycoon resigns from Hong Kong cabinet after US insider-trading probe - AFP
4. Banker resigns from Hong Kong cabinet over insider trading case - IHT

Now, I hope Mr. Li will do the next honourable thing and resign from the Legislative Council as well.