The Securities and Futures Commission (SFC) has banned Mr Daniel Chen Chi Lik, a former staff of Bank of China (Hong Kong) Limited (BOCHK), from re-entering the industry for life following his conviction for theft by the Eastern Magistrates’ Court in October 2016 (Notes 1 & 2).
The court found that Chen, who was then a bank manager at a branch of BOCHK, had stolen a total of $40,000 from a teller cash box assigned to him on several occasions in September 2016.
The SFC considers that Chen is not a fit and proper person to be licensed or registered to carry on regulated activities as a result of his criminal conviction.
This case was referred to the SFC by the Hong Kong Monetary Authority.
Notes:
- Chen was a relevant individual engaged by BOCHK to carry on Type 1 (dealing in securities) and Type 4 (advising on securities) regulated activities under the Securities and Futures Ordinance from 1 April 2003 to 27 September 2016. Chen is currently neither registered with the Hong Kong Monetary Authority nor licensed by the SFC.
- The Eastern Magistrates’ Court sentenced Chen to two months’ imprisonment on 19 October 2016 after his conviction.
