SFC bans Steve Luk Ka Cheung for life

On April 1 the SFC reported that it had banned Mr Steve Luk Ka Cheung from re-entering the industry for life following a Market Misconduct Tribunal determination that Luk had engaged in market misconduct.

The MMT determined that Luk, a former vice-president and fund manager of JF Asset Management Ltd, and two other parties had engaged in insider dealing. The SFC’s Executive Director of Enforcement Mr Mark Steward said, “Insider dealing undermines the fairness and efficiency of the financial market. Following the MMT’s finding, the SFC is exercising its protective jurisdiction by prohibiting Luk from re-entering the market again as an intermediary and threatening market integrity”                                                                                                                  

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