SFC bans Ng Chau for six months

Content of Penalty:

The Securities and Futures Commission (SFC) has banned Mr Ng Chau, a former account executive of Get Nice Securities Limited (Get Nice), from re-entering the industry for six months from 15 December 2017 to 14 June 2018 for breach of the SFC’s Code of Conduct (Notes 1 & 2). 

The SFC found that Ng effected transactions in a client’s securities account and margin account between October 2013 and November 2014 on a discretionary basis without (i) obtaining the client’s prior written authorization and (ii) the knowledge and approval of his then employer.

Date: 27/12/2017
Link: http://www.sfc.hk/edistributionWeb/gateway/EN/news-and-announcements/news/doc?refNo=17PR158