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.
Go deeper with GlobalData
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.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
