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February 10, 2014updated 04 Apr 2017 2:31pm

Hong Kong’s Securities and Futures Commission bans Lo Hoi Luen for life

The Securities and Futures Commission (SFC) of Hong Kong has banned Ms Lo Hoi Luen, a former employee of American Express Bank Limited, from re-entering the industry for life.

By Verdict Staff

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.

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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