The Securities and Futures Commission (SFC) has banned Mr Cheung Wing Hung from re-entering the industry for 18 months from 24 May 2024 to 23 November 2025. This ban follows Cheung’s criminal conviction for carrying out unlicensed activities under the Securities and Futures Ordinance (SFO) (Note 1).
On 25 July 2023, the Eastern Magistrates’ Court convicted Cheung for holding himself out as performing a regulated function in relation to dealing in securities as an agent of entities not licensed by the SFC (Notes 2 and 3). Due to this criminal conviction, the SFC considers that Cheung is not a fit and proper person to be licensed to carry on regulated activities.
Resources: https://apps.sfc.hk/edistributionWeb/gateway/EN/news-and-announcements/news/doc?refNo=24PR92