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.
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.