SFC bans and fines Ricky Kwan Po Kit

On 5 July the Securities and Futures Commission (SFC) reported that it had banned Mr Ricky Kwan Po Kit, from re-entering the industry for five years from 2 July 2010 to 1 July 2015 and fined him $228,000.

The SFC found that Kwan operated a secret account in his brother-in-law’s name without proper disclosure to his employer, with some transactions generating a profit. In doing so, he placed himself in a position of serious conflict in breach of the General Principle 6 (conflicts of interest) of the Code of Conduct.

For further information please see Kwan Banned