SFC bans Lo Wai Ming for seven months

enforcement

The Securities and Futures Commission (SFC) has imposed a seven-month ban on Mr. Lo Wai Ming, a former responsible officer of Taiping Securities (HK) Co Limited (TSCL), preventing him from returning to the industry until April 15, 2024. This disciplinary action comes after an SFC investigation revealed that between January 2, 2018, and September 28, 2018, Lo accessed two clients’ internet trading accounts without their knowledge and executed trades on their behalf. This manipulation disguised the trades as if they were initiated by the clients themselves. Additionally, Lo failed to maintain proper records of the clients’ order instructions, which undermined TSCL’s internal policies and its ability to monitor the accounts effectively. The SFC considered the duration of Lo’s misconduct and his clean disciplinary record in determining the appropriate sanction.

Resource: https://apps.sfc.hk/edistributionWeb/gateway/EN/news-and-announcements/news/doc?refNo=23PR103

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