Following his conviction for offences of fraud and theft under the «Theft Ordinance», the Securities and Futures Commission in Hong Kong has prohibited a former bank adviser from re-entering the industry for life.
The District Court in Hong Kong found that Andrew Chow Ho Cheung had forged the signatures of a number of customers on bank documents, changed the subscription fee rates on subscription forms without the knowledge and agreement of a client and made unauthorised payments and withdrawals to and from a number of customers’ accounts.
Prison Time
At the time Chow was responsible for introducing and selling investment products to customers of HSBC. Chow was sentenced to two years imprisonment by the District Court on 19 May 2015.
The Hong Kong Securities and Futures Commission (SFC) considers Chow is not a fit and proper person to be licensed or registered to carry on regulated activities as a result of his convictions.
