SFC suspends former Core Pacific-Yamaichi International Ltd employee for one year

The Securities and Futures Commission (SFC) has suspended Mr Lo Tsz On for one year from 12 October 2016 to 11 October 2017 following his conviction for fraud.

The Magistrates’ Court found that Lo fraudulently presented three false entertainment claim forms to his then employer, Core Pacific-Yamaichi International (H.K.) Limited (CPY), in which he overstated the amount of money he had spent on team meals in 2012 and 2013. This caused CPY to reimburse $3,430 more to Lo than he had actually spent.

The SFC considers Lo’s conviction has called into question his fitness and properness as a licensed person.

The case was referred to the SFC by the Independent Commission Against Corruption.

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