Hong Kong's Securities And Futures Commission Bans Laura Kiang Mang Yi For Three Years

The Securities and Futures Commission (SFC) has banned Ms Laura Kiang Mang Yi from re-entering the industry for three years from 13 July 2015 to 12 July 2018 (Note 1).

Kiang joined Bank Julius Baer & Co. Ltd (BJB) in July 2013 and represented to her employer that she had obtained a master’s degree from New York University (NYU) in 2008. In fact, she had only studied at the University but did not complete all the requirements to be awarded a master degree.

When asked to provide evidence to support her academic qualification, rather than telling the truth, Kiang obtained a fake diploma purporting to have been issued by NYU and submitted it to BJB.

Kiang knowingly made a false representation to her former employer about her academic qualification and her misconduct was aggravated by the manufacture of the fake diploma.

The SFC considers Kiang’s conduct called into question her fitness and properness to be a regulated person.

Note:

1. Kiang was registered as a relevant individual with the Hong Kong Monetary Authority (HKMA) and was engaged by BJB for carrying on Type 1 (dealing in securities) and Type 4 (advising on securities) regulated activities under the Securities and Futures Ordinance between 15 July and 5 November 2013. Kiang is currently not registered with the HKMA or licensed by the SFC.