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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)