HK SFC bans ex-Fulbright exec for 18 months
Leung Wai-Hung had designated accounts as discretionary when they were not operated on that basis, in order to avoid his employer's scrutiny on order recordings.
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Hong Kong's securities regulator has banned a former executive of Fulbright Securities for 18 months for failing to make proper records of client order instructions and circumventing the recording requirements of his employer.
Leung Wai-Hung carried out these activities between February 2011 and August 2013, and as a result cannot re-enter the industry from October 31, 2014 to 30 April 2016.
During the latter period, Leung executed orders for holders of seven accounts that were …
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