SFC Bans Former Sincere Securities Employee for Unauthorized Trades

[kreslik.news]

Hong Kong’s financial watchdog, the Securities and Futures Commission (SFC), has banned a former account manager at Sincere Securities Limited from re-entering the industry for life after he was convicted of conducting unauthorized trades from client accounts.

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The SFC’s investigation found that on several occasions between March 2014 and May 2015, Shum Kam Ming had placed discretionary trades on behalf of a clients without obtaining the proper authorization. He also created deceptive records ... (read more)