Hong Kong’s Securities and Futures Commission (SFC) has banned Chan Ka Chun from re-entering the industry for life, following a conviction for conspiracy to make false instruments.
She was sentenced on January 22 by the District Court to 23 months in prison for the offence.
The court had found that between July 2009 and February 2010, Chan, an associate director at Falcon Private Bank’s Hong Kong branch (FPBHK), conspired with two clients to issue four false letters on FPBHK’s letterhead showing proof of funds and credit facilities purportedly made available by FPBHK for the use of the two clients.
The proof of funds and availability of credit facilities to the two clients were not authorised by FPBHK and were false.
As a result of this conviction, the SFC considers Chan not a fit and proper person to be licensed.
The case was referred to the SFC by the Hong Kong Monetary Authority (HKMA).
Chan had been engaged by FPBHK for type 1 (dealing in securities) and type 4 (advising on securities) activities under the Securities and Futures Ordinance from February 2007 to February 2010.
She is not currently registered with the HKMA or licensed by the SFC.