Newsletter – May 2017
Content
- Court of Appeal dismisses SFC’s appeal against MMT decision
- SFC reprimands and fines Promising Securities Company Limited HK$3.5 million
- SFC bans Tsap Wai Ping for two years
- SFC bans Bernie Wong Ching Man for four months
- SFC suspends Hui Lam Chiu for six months
1. Court of Appeal dismisses SFC’s appeal against MMT decision
On 28 April 2017, the Court of Appeal has dismissed an appeal by the SFC against the Market Misconduct Tribunal’s (“MMT”) findings that two former executives of Asia Telemedia Limited (now known as Reorient Group Limited), Mr Yiu Hoi Ying and Ms Marian Wong Nam, had not engaged in insider dealing.
For more details, please refer to:
For a copy of the MMT Report, please refer to:
http://www.mmt.gov.hk/eng/reports/Report_of_ATML_e.pdf
2. SFC reprimands and fines Promising Securities Company Limited HK$3.5 million
On 10 May 2017, the SFC has reprimanded and fined Promising Securities Company Limited HK$3.5 million for breach of the Code of Conduct and the Management, Supervision and Internal Controls Guidelines.
For more details, please refer to:
For a copy of the Statement of Disciplinary Action, please refer to:
3. SFC bans Tsap Wai Ping for two years
On 19 May 2017, the SFC has prohibited Mr Tsap Wai Ping from re-entering the industry for two years from 19 May 2017 to 18 May 2019 for fitness and properness concerns.
For more details, please refer to:
For a copy of the Statement of Disciplinary Action, please refer to:
4. SFC bans Bernie Wong Ching Man for four months
On 22 May 2017, the SFC has prohibited Ms Bernie Wong Ching Man, a former employee of Citibank (Hong Kong) Limited, from re-entering the industry for four months from 19 May 2017 to 18 September 2017 for forging a client’s signature.
For more details, please refer to:
For a copy of the Statement of Disciplinary Action, please refer to:
5. SFC suspends Hui Lam Chiu for six months
On 22 May 2017, the SFC has suspended Mr Hui Lam Chiu, a former responsible officer of Guoyuan Securities Brokerage (Hong Kong) Limited, for six months from 19 May 2017 to 18 November 2017.
For more details, please refer to:
For a copy of the Statement of Disciplinary Action, please refer to:
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