SFC reprimands and fines Chris Chan Pak Kong

The Securities and Futures Commission (SFC) has reprimanded Mr Chris Chan Pak Kong and fined him $25,000 as a result of a disciplinary action taken against him following the Hong Kong Monetary Authority's investigation into allegations against Chan¹.

The investigation found that Chan concealed his trading activities from his employer by conducting joint trading with a client in six stocks from October 2004 to January 2005.

Chan's conduct breached his employer's staff dealing policy and deprived his employer the opportunity to monitor his trading activities that might be prejudicial to clients and to ensure compliance with the relevant laws.

For further enquiries, please contact:
Thomas Chan, Senior Manager (Press), at 2878 1480 or
Peggy Lo, Manager (Press), at 2878 1687

Hong Kong Monetary Authority
4 August 2008

¹ At the relevant time, Chan was a relevant individual whose name was entered in the register maintained by the Hong Kong Monetary Authority under section 20 of the Banking Ordinance, Cap.155 as a person engaged by CITIC Ka Wah Bank Limited to perform Type 1 (dealing in securities) regulated activity.