SFC bans former RO of Standard Chartered Securities (Hong Kong) Limited


sfc bans

The Hong Kong Securities and Futures Commission (SFC) announced that it has banned Mr Joseph Hsu Kar Hing, a former responsible officer (RO) of Standard Chartered Securities (Hong Kong) Limited (SC), from re-entering the industry for three years from 6 July 2018 to 5 July 2021.

Hsu was a sponsor principal in charge of the supervision of the execution of a listing application in 2009 for which SC was one of the sponsors.

The SFC found that Hsu failed to discharge his duties as a sponsor principal and a RO of SC, in that he had failed to:

  • exercise due skill, care and diligence in handling the listing application;
  • ensure the maintenance of appropriate standards of conduct and SC’s adherence to proper procedures; and
  • diligently supervise his subordinates and the sponsor work undertaken by SC.

The official announcement can be seen here.

Related News

arrow

SFC bans former RO of Standard Chartered Securities (Hong Kong) Limited

1

Send this to a friend