Hong Kong’s securities regulator has banned Liu King-Yee, a former employee of Wing Lung Bank, from re-entering the industry for life following her conviction by the High Court for fraud.

Liu was found to have fraudulently represented to three customers about certain high-return investment products. As a result, they paid her large sums of monies for investment between September 2010 and January 2014, and suffered losses of HK$25.8 million ($3.32 million).

As a result of Liu's convictions, the Securities and Futures Commission (SFC) considers that she is not a fit and proper person to be licensed or registered to carry on regulated activities.

The case was referred to the SFC by Hong Kong Monetary Authority.

Liu had been engaged by Wing Lung Bank to carry on type 1 (dealing in securities) and type 4 (advising on securities) regulated activities. She is currently not registered with the HKMA or licensed by the SFC.

Liu was sentenced to 10 years and four months of imprisonment on October 27, 2015 after her conviction for three counts of fraud.