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Hong Kong SFC suspends licenses of two FTSL responsible officers


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Hong Kong SFC

The Hong Kong Securities and Futures Commission (SFC) just informed the public that it has suspended the licenses of Ms Chan Ho Wai and Mr Lam Wai Kit for a period of 9 months (to 7 September 2019).

The two individuals work as responsible officers of FT Securities Limited (FTSL).

Chan was responsible for preparing and issuing three equity research reports published on FTSL’s website between July 2012 and April 2013, whilst Lam was responsible for approving these research reports.

The SFC found that Chan and Lam had failed to:

  • exercise due skill, care and diligence in handling the research reports; and
  • ensure the maintenance of appropriate standards of conduct and adherence to proper procedures by FTSL.

The official announcement can be seen here.

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Hong Kong SFC suspends licenses of two FTSL responsible officers

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