Hong Kong SFC Suspends Ku Yuen ‎Leung over Suspicious Trades

[kreslik.news]

Hong Kong’s Securities and Futures Commission (SFC) has suspended Ku Yuen ‎Leung, a licensed employee at BOCOM International Securities Limited, from re-‎entering the industry for 18 months for engaging in manipulative activities with ‎respect to the shares of Agricultural Bank of China Limitedand, according to a SFC statement.‎

In particular, the SFC disciplinary action stems from an investigation that found ‎evidence of wrongdoing between 5 and 26 November 2010. During this period, Mr. ‎Leung managed his brother-in-law’s trading account which was also maintained at ‎BOCOM.‎

More specifically, Ku first bought five call warrants then placed an ask order at one ‎spread ... (read more)