Hong Kong SFC bans a former account executive of DBS Vickers

sfc bans

The Hong Kong Securities and Futures Commission (SFC) announced today that it has banned Mr Samuel Lee Kwok Tung from re-entering the industry for eight months ending 16 April 2020.

Tung is a former account executive of DBS Vickers (Hong Kong) Limited (DBSVHK) and, according to the regulator, has falsely stated that he was the client when confirming orders or acknowledging executed orders after placing such orders for a client via the telephone in 84 transactions in 2015.

By doing this, Tung made it look like the telephone records of DBSVHK gave the appearance that the trade instructions came directly from the client and that the trades had been confirmed with the client personally.

The complete announcement can be seen on SFC’s official website, here.

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