SFC Imposes One Year Ban Against Finamics Asset Manager

[kreslik.news]

The Securities and Futures Commission (SFC) in Hong Kong announced today that it has banned Fonia Kwok Lai Kwan from working in the industry for 12 months following a conviction from the Eastern Magistrates’ Court. The ban passed by the SFC is effective from August 25, 2018, until August 24, 2019.

On Friday the Eastern Magistrates’ Court convicted Kwok of operating an unlicensed asset management, Finamics Capital Management, of which she was the sole proprietor. The court found that between 2009 and 2015 Kwok offered and carried out asset management services without the firm having an SFC license.

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