Bocom exec suspended for stock price manipulation

Hong Kong’s securities regulator has suspended the licence of Ku Yuen-Leung, an account executive of Bocom International Securities, for 18 months for share price manipulation. Between November 5 and 26, 2010, Ku created a false appearance in the market with respect to the shares of Agricultural Bank of China (ABC) by placing large bid orders for ABC shares to drive up the prices of five related call warrants, said the Securities and Futures Commission (SFC). All the bid orders …