HONG KONG: SFC bans representative from industry for Hong Kong short selling breaches

Monday April 29 2013

The Securities and Futures Commission has banned Mr Ma Tin Luk from re-entering the industry for three years from 24 April 2013 to 23 April 2016 for fabricating telephone order recordings and providing false and misleading information to the SFC to conceal the lack of records on a Hong Kong short selling order he executed for a client in November 2009

An SFC investigation found that Ma had requested his wife to pretend to be his client and created two false telephone order recordings; and Ma informed the SFC that the telephone order recordings recorded the telephone conversations between him and his client, even though he knew that the conversations were in fact between himself and his wife.

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