Tag : ban

The local financial regulator has extended the blanket ban on shorting until May but a partial ban will be in place after that, raising criticism from some experts.

Two former staff of the bank have been banned from the industry for life in Hong Kong following convictions for fraud related to the sale of unit trust funds.

Wong Lap-Yin made unauthorised trades on a client’s account to raise the prices of shares. He has received a three-year ban.

Chan Hau-Wing has received a two-year ban from Hong Kong's securities regulator for conducting unauthorised trades while working for Yue Xiu Futures.

A former employee of Wing Lung Bank has been banned from the industry for life after committing fraud in the sale of investment products. She was convicted of the offence last year.

Raaj Shah, former chief investment officer and co-founder of the Hong Kong hedge fund manager, cannot re-enter the industry for 12 months.

The former securities executive had sought to conceal trading losses by forging client signatures and withdrawing funds from client accounts.

The disciplinary action for Wong Sze-Yiu came as a result of failures in relation to managing a client’s discretionary account.

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.

Hong Kong's securities regulator finds that Roger Albert John and Hamish Gordon Cruden misused a client's securities and provided false and misleading information.

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.

Li Tak-Wa received the penalty from Hong Kong's Securities and Futures Commission after executing unauthorised trades and recording incorrect client information.