Licence applicant convicted for providing SFC with false information


CFTC fines

The Eastern Magistrates’ Court today convicted Ms Yan Ching Ching after she pleaded guilty to three counts of making false or misleading representations in support of her licence application to the Hong Kong Securities and Futures Commission (SFC).

Yan, among other things, failed to disclose her previous criminal convictions in her SFC licence application in 2015. She was fined $15,000 and also ordered to pay the SFC’s investigation costs.

The SFC expects applicants to make complete, true and correct disclosure of all information required to be submitted with a licence application. Failure to do so might affect their fitness and properness to be licensed.

Related News

arrow

Licence applicant convicted for providing SFC with false information

2

Send this to a friend