The Securities and Futures Commission (SFC) announced the ban of former account executive of China Pacific Securities Limited (China Pacific), Mo Shau Wah, from re-entering the industry for life after a criminal conviction.
In December 2018, the Court of First Instance found Mo guilty of misappropriating around $110.2 million worth of shares from China Pacific’s clients from January 2005 to October 2012.
The former account executive sold, without authorization, stolen shares on the open market. She used a nominee client accounts held at China Pacific in the names of her family members. Afterwards, the earnings were paid into the relatives’ bank accounts over which Mo had control.
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