The Securities and Futures Commission (SFC) has prohibited Mr William Wong Yick Lok, a former employee of Hang Seng Bank Limited (Hang Seng Bank), from re-entering the industry for three years from 30 September 2016 to 29 September 2019 following his conviction for forgery (Notes 1 & 2).
The Court found that Wong, who was responsible for promoting insurance policy to customers of Hang Seng Bank at the material time, forged a customer’s signatures on an insurance application and a policy cancellation form without the customer’s knowledge (Note 3).
The SFC considers that Wong is not a fit and proper person to be licensed or registered to carry on regulated activities as a result of his conviction.
The case was referred to the SFC by the Hong Kong Monetary Authority.
Notes:
- Wong was a relevant individual engaged by Hang Seng Bank to carry on Type 1 (dealing in securities) and Type 7 (providing automated trading services) regulated activities under the Securities and Futures Ordinance. Wong is currently not registered with the Hong Kong Monetary Authority or licensed by the SFC.
- Wong was sentenced to perform community service of 140 hours at the Fanling Magistrates’ Court on 10 December 2015 after his conviction for two counts of forgery under the Crimes Ordinance.
- The affected customer had been compensated by Hang Seng Bank and received a refund of the paid premium of $2,054 for the insurance policy.
