The Securities and Futures Commission (SFC) of Hong Kong revoked the license of Mr. Mui Chok Wah, a responsible officer at KCG Securities Asia Limited, and imposed a two-year industry ban (effective May 2025 to May 2027) due to his criminal theft conviction for stealing a wallet from an ATM in June 2024 and his subsequent three-month delay in reporting the charge to regulators, violating the mandatory seven-day disclosure rule. While the SFC acknowledged Mui’s cooperation and clean record, it determined his actions demonstrated a lack of integrity unfit for a licensed professional, emphasizing that even personal misconduct and procedural failures can carry severe professional consequences in Hong Kong’s regulated financial sector.
Resources: https://apps.sfc.hk/edistributionWeb/gateway/EN/news-and-announcements/news/doc?refNo=25PR70