The Securities and Futures Commission (SFC) has banned Ms Lo Hoi Luen, a former employee of American Express Bank Limited, from re-entering the industry for life.
On 8 February 2010, the District Court sentenced Lo to imprisonment of 18 months following her conviction on 30 counts of forgery.
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The court found that, between 2006 and 2008, Lo purchased 51 Callable Accrual Notes (the Notes) for a client without the client’s authorization. Lo also forged her client’s signature on the Product Offer Acknowledgement Letters related to the purchase of the Notes. Lo received 0.12% commission on the investment amount of each of the Notes purchased.
The SFC considers Lo not a fit and proper person as a result of her conviction.
The case was referred to the SFC by the Hong Kong Monetary Authority.
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