The Securities and Futures Commission in Hong Kong has barred a former employee of Hang Seng Bank from re-entering the industry for three years.
Following his conviction for forgery the Securities and Futures Commission (SFC) in Hong Kong has banned William Wong Yick Lok, from 30 September 2016 to 29 September 2019.
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.
Forged Client Signatures
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 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.
At the time of the offence 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.
