The Securities and Futures Commission (SFC) has banned Mr Cheung Kwan Po, a former employee of Citibank (Hong Kong) Limited (Citibank), from re-entering the industry for six months from 5 January 2017 to 4 July 2017 (Note 1).
The SFC found that in August 2015, Cheung, when processing a client’s bond application, photocopied the client’s signature from her account opening documents and pasted the signature on her risk assessment form, and attempted to use the form to deceive Citibank into accepting the signature as genuine.
The SFC considers that Cheung is not fit and proper to be a regulated person due to his failure to perform his function as a relevant individual honestly and reliably.
The case was referred to the SFC following an investigation by the Hong Kong Monetary Authority.
Note:
- Cheung was a relevant individual engaged by Citibank (Hong Kong) Limited to carry on Type 1 (dealing in securities) and Type 4 (advising on securities) regulated activities under the Securities and Futures Ordinance at the material time. Cheung is currently not registered with the Hong Kong Monetary Authority nor licensed by the SFC.
A copy of the Statement of Disciplinary Action is available on the SFC website
