The Securities and Futures Commission (SFC) has prohibited Mr Choi Siu Ki, a former financial planning manager of Dah Sing Bank Limited, from re-entering the industry for nine months from 7 January 2017 to 6 October 2017 for forging client signatures (Note 1).
The SFC found that in August 2015, Choi forged a customer’s signatures on two insurance application documents in order to submit the documents in time before deadline.
Choi’s forgery came to light after the client made a complaint with Dah Sing Bank upon discovery of forged signatures of hers in a copy of the approved insurance application document she received for retention (Note 2).
The SFC considers that Choi is not a fit and proper person to be licensed or registered to carry on regulated activities as a result of his forgery (Note 3).
The case was referred to the SFC by the Hong Kong Monetary Authority.
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Notes:
- Choi was a relevant individual engaged by Dah Sing Bank Limited to carry on Type 1 (dealing in securities) and Type 4 (advising on securities) regulated activities under the Securities and Futures Ordinance. Choi is currently neither registered with the Hong Kong Monetary Authority nor licensed by the SFC.
- The customer did not suffer any losses as a result of Choi’s forgery.
- Choi was prosecuted for two counts of forgery under the Crimes Ordinance. In May 2016, he appeared before the Eastern Magistrates’ Courts but the prosecution offered no evidence against him and he was bound over in the sum of $2,000 for 12 months.
A copy of the Statement of Disciplinary Action is available on the SFC website
