SFC Bans Investment Rep for Accepting Unauthorised Order Instructions

[kreslik.news]

Hong Kong’s Securities and Futures Commission (SFC) has banned Ma Yu Lung, a former representative of Sun Hung Kai Investment Services Limited (SHKIS), from re-entering the industry for eight years, effective from today, for various breaches of its Code of Conduct.

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The SFC’s investigation found that on numerous occasions between September 2009 and February 2010, Ma accepted order instructions from unknown and unauthorised individuals to trade securities listed on the Stock Exchange of Hong Kong, and colluded with SHKIS’ account holders to pretend the order instructions ... (read more)