Ex-Wing Lung Bank adviser banned for fraud

Hong Kong’s securities regulator has banned Liu King-Yee, a former employee of Wing Lung Bank, from re-entering the industry for life following her conviction by the High Court for fraud. Liu was found to have fraudulently represented to three customers about certain high-return investment products. As a result, they paid her large sums of monies for investment between September 2010 and January 2014, and suffered losses of HK$25.8 million ($3.32 million). As a result of Liu's c…