The SFC found that the failures committed by CCBIC and BIAL, as the sole sponsor in the listing applications of Fujian Dongya Aquatic Products Co., Ltd. (Fujian Dongya) and China Huinong Capital Group Company Limited (China Huinong) respectively, were attributable to the neglect on the part of Lai. Lai, who was a Managing Director of…
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The Hong Kong Securities and Futures Commission (SFC) announced today that it has banned Mr Samuel Lee Kwok Tung from re-entering the industry for eight months ending 16 April 2020. Tung is a former account executive of DBS Vickers (Hong Kong) Limited (DBSVHK) and, according to the regulator, has falsely stated that he was the…
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The Hong Kong Securities and Futures Commission (SFC) has announced that it has banned Ms Lok Wai Fong, a former employee of Bank of China (Hong Kong) Limited (Bank), from re-entering the industry for life. The disciplinary action follows an SFC investigation which found that from April 2009 to January 2012, Lok transferred a sum…
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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 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…
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The Hong Kong Securities and Futures Commission (SFC) announced that it has banned Mr Joseph Hsu Kar Hing, a former responsible officer (RO) of Standard Chartered Securities (Hong Kong) Limited (SC), from re-entering the industry for three years from 6 July 2018 to 5 July 2021. Hsu was a sponsor principal in charge of the…
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The Securities and Futures Commission (SFC) has banned Mr Ng Chau, a former account executive of Get Nice Securities Limited (Get Nice), from re-entering the industry for six months from 15 December 2017 to 14 June 2018 for breach of the SFC’s Code of Conduct. The SFC found that Ng effected transactions in a client’s…
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The Securities and Futures Commission (SFC) has banned Mr Danny Fung Kwong Shing, a former account executive of Fulbright Securities Limited (Fulbright Securities), from re-entering the industry for life and fined him $542,071. The disciplinary action follows an SFC investigation which found that between January 2013 and May 2014, Fung had: conducted 772 unauthorized transactions…
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The Hong Kong Securities and Futures Commission (SFC) has banned Mr Yeung Leung Yuen, a former relationship manager of Citibank (Hong Kong) Limited (Citibank), from re-entering the industry for three years for conducting unauthorized transactions in a client’s securities account (Yeung was a relevant individual engaged by Citibank to carry on Type 1 (dealing in…
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