The Securities and Futures Commission (SFC) has banned Ms Chu Lai Sze, a former employee of Dah Sing Bank, Limited, from re-entering the industry for three years from 11 October 2012 to 10 October 2015 (Note 1).
This decision follows Chu’s conviction for forging a customer’s signature on documents relating to the purchase of a Minibond product on 30 April 2008 while she was working for the bank (Note 2).
Dah Sing Bank has compensated the affected customer.
The SFC’s decision took into account that forgery is a serious and dishonest act and that Chu’s act was an isolated incident.
The case was referred to the SFC by the Hong Kong Monetary Authority (HKMA) following investigation.
Notes:
- Chu was a relevant individual engaged by Dah Sing Bank at the material time to carry on Type 1 (dealing in securities) and Type 4 (advising on securities) regulated activities under the Securities and Futures Ordinance. Chu is currently not registered with the HKMA or licensed by the SFC.
- Chu was sentenced to four months of imprisonment after pleading guilty to one count of forgery at the Eastern Magistracy on 21 June 2010. The sentence was subsequently overturned on appeal to the Court of First Instance and she was ordered to perform 200 hours of community service.