Published by Hubbis – 17th March 2015
Hong Kong’s Securities and Futures Commission (SFC) has banned Wong Chun Yin, a former relationship manager of Standard Chartered Bank, from re-entering the industry for life.
The watchdog found that, between October 2011 and May 2012, Wong effected fund transactions in clients’ accounts without their authorisation to meet his sales targets and tried to conceal his misconduct by tampering with one client’s contact information.
Wong also falsified client instructions for the transactions by misleading the clients into signing fund order forms which were blank or with essential instruction particulars missing from the forms.
The SFC found that Wong’s dishonest conduct was not in the best interests of clients and was in breach of the SFC’s Code of Conduct. The SFC concluded Wong is not a fit and proper person to be licensed.
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