Former UOB exec banned in HK for three years

Hong Kong's securities regulator banned Lam Ka Wo for three years after dishonest conduct that could have resulted in a substantial loss for “innocent customers”, according to a filing yesterday by the Securities and Futures Commission. Without proper authorisation, Lam permitted a third party to open and operate a customer account at UOB Kay Hian (Hong Kong) in the name of another person and transfer securities from the UOB account to the customer’s account at another brokerage f…