The Securities and Futures Commission (SFC) has banned Mr Ha Po Kwan, a former licensed representative of Primas Asset Management Limited (PAML), from re-entering the industry for 12 months. The disciplinary action follows an SFC investigation which found that in June 2021, Ha, a director of PAML at the material time, created two false documents by altering information on the strike price or maturity date in the original product flashes of two accumulator contracts. He then sent the two false product flashes to a client of PAML to mislead the client about the maturity date or strike price of the accumulator contracts he had bought for the client’s account that he managed with full discretionary authority and served as the relationship manager.
Resources: https://apps.sfc.hk/edistributionWeb/gateway/EN/news-and-announcements/news/doc?refNo=24PR105