The Hong Kong Securities and Futures Commission (SFC) just informed the public that it has suspended the licenses of Ms Chan Ho Wai and Mr Lam Wai Kit for a period of 9 months (to 7 September 2019). The two individuals work as responsible officers of FT Securities Limited (FTSL). Chan was responsible for preparing…
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The Court of Final Appeal (CFA) has allowed the Hong Kong Securities and Futures Commission’s (SFC) appeal against the Market Misconduct Tribunal’s (MMT) findings that two former executives of Asia Telemedia Limited (ATML) (now known as Yunfeng Financial Group Limited), Mr Charles Yiu Hoi Ying and Ms Marian Wong Nam, had not engaged in insider…
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The Hong Kong Securities and Futures Commission (SFC) has welcomed the appointment by the Financial Secretary of Ms Agnes Chan Sui-kuen and the re-appointment of Mr Edward Cheng Wai-sun as Non-Executive Directors for a term of two years. The term of Ms Chan will begin on 20 October 2018 and Mr Cheng’s term will start…
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The Hong Kong Securities and Futures Commission (SFC) has informed the public that it has banned Mr Ngo Wing Chun, a former relationship manager of Hongkong and Shanghai Banking Corporation Limited (HSBC), from re-entering the industry for 12 months from 20 September 2018 to 19 September 2019 for unauthorized transfer of customer data. The SFC…
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The Securities and Futures Commission (SFC) has welcomed the appointment by the Chief Executive of Mr Tim Lui Tim-leung as the Chairman of the SFC for a term of three years from 20 October 2018. Mr Lui will succeed Mr Carlson Tong, who will step down next month having chaired the SFC for six years…
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The Hong Kong Securities and Futures Commission (SFC) has announced that it has banned Ms Fonia Kwok Lai Kwan from re-entering the industry for 12 months from 25 August 2018 to 24 August 2019 following her conviction for unlicensed asset management. The Eastern Magistrates’ Court found that between 2009 and 2015, Kwok, who was the…
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The Hong Kong Securities and Futures Commission (SFC) has launched a two-month consultation on proposed guidelines to clarify, codify and standardise the risk management practices for securities margin financing (SMF). The proposed guidelines provide qualitative guidance as well as quantitative benchmarks for margin lending policies and key risk controls to prevent SMF brokers from expanding…
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The Hong Kong Securities and Futures Commission (SFC) has just announced that it has banned Ms Cham Nga Yin from re-entering the industry for life for misappropriation of clients’ money. Cham was a former licensed representative of Tanrich Futures Limited (Tanrich Futures), now known as Southwest Securities (HK) Futures Limited. The SFC found that Cham…
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The Securities and Futures Commission (SFC) announced that it has banned Mr Poon Chun Hing from re-entering the industry for 30 months from 18 July 2018 to 17 January 2021. The disciplinary action follows an SFC investigation which found that in July 2015, Poon offered to invest for a friend, and agreed not only to…
Read moreThe Hong Kong Securities and Futures Commission (SFC) has informed that it has commenced proceedings in the Market Misconduct Tribunal (MMT) against Mr Li Kwok Cheong and Mr Li Han Chun, former chairman and chief executive officer (CEO) of China Forestry Holdings Company Limited (China Forestry), respectively, for suspected disclosure of false or misleading information…
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