Hong Kong’s Securities and Futures Commission (SFC) has suspended the licence of Mr Wang Shian-tang, a former licensed representative of Yuanta Securities (Hong Kong) Limited for 26 months from 20 November 2024 to 19 January 2027.
The SFC’s investigation found that Wang entered into a private profit-sharing agreement with a client on discretionary trading services without Yuanta’s knowledge or consent. As part of the agreement, he was entitled to receive 10% of the annual profits he generated through investment for his client. In doing so, Wang’s dishonest act was in breach of the Code of Conduct.
The regulator also found that, between October 2019 and April 2022, Wang maintained a personal investment account with a broker other than Yuanta. He conducted 10 warrant trades with a total transaction value of over $350,000 through the…
Read More
