HK life ban for Union Securities duo

Jul 24, 2014

The Hong Kong markets regulator has revoked Union Securities' licence and banned Ma Kin-Chung and Cheng Tai-Ha after they misappropriated client money and created false statements.

Hong Kong’s securities regulator has revoked the licences of brokerage Union Securities and its two responsible officers for misappropriating client assets, creating false statements, making a false declaration and breaching licensing conditions.

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