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Post by ukipa on Feb 7, 2014 18:24:32 GMT 4
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Post by Guest on Feb 7, 2014 18:29:20 GMT 4
Ukipa, the link cannot be seen. Can you please post the article? Thanks.
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Post by Guest on Feb 7, 2014 18:46:46 GMT 4
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Post by Guest on Feb 7, 2014 18:55:24 GMT 4
From another source: www.sfc.hk/edistributionWeb/gateway/EN/news-and-announcements/news/doc?refNo=14PR16 SFC bans Lo Hoi Luen for life 6 Feb 2014 The Securities and Futures Commission (SFC) has banned Ms Lo Hoi Luen, a former employee of American Express Bank Limited, from re-entering the industry for life (Note 1). On 8 February 2010, the District Court sentenced Lo to imprisonment of 18 months following her conviction on 30 counts of forgery. The court found that, between 2006 and 2008, Lo purchased 51 Callable Accrual Notes (the Notes) for a client without the client’s authorization. Lo also forged her client’s signature on the Product Offer Acknowledgement Letters related to the purchase of the Notes. Lo received 0.12% commission on the investment amount of each of the Notes purchased. The SFC considers Lo not a fit and proper person as a result of her conviction. The case was referred to the SFC by the Hong Kong Monetary Authority. End Notes: Lo was a relevant individual engaged by American Express Bank Limited (American Express) to carry on Type 1 (dealing in securities) regulated activity under the Securities and Futures Ordinance from April 2003 to September 2008. The Hong Kong business of American Express was acquired by Standard Chartered Bank (Hong Kong) Limited in July 2008. Lo is currently not registered with the Hong Kong Monetary Authority or licensed by the SFC. Please see the Reasons for Sentence (DCCC1372/2009) dated 8 February 2010 which is available on the Judiciary’s website (www.judiciary.gov.hk). Page last updated : 6 Feb 2014
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