The Securities and Futures Commission ("SFC") has revoked the license of Mr. Mui Chok Wah and banned him from re-entering the industry for two years due to his criminal conviction and delay in reporting it.
This article was generated using SAMS, an AI technology by Timothy Loh LLP.
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On May 19, 2025, the Securities and Futures Commission ("SFC") revoked the license of Mr. Mui Chok Wah and his approval to act as a responsible officer of KCG Securities Asia Limited ("KCGSA") following his criminal conviction for theft and his failure to promptly notify the SFC of the charge. Mui has also been banned from re-entering the industry for two years, from 16 May 2025 to 15 May 2027.
On 13 June 2024, Mui was arrested and charged by the Hong Kong Police Force for stealing a wallet left on an ATM machine. He was convicted of theft by the Eastern Magistrates’ Courts on 11 September 2024.
Instead of promptly informing the SFC of his criminal charge, Mui waited until his conviction, resulting in a delay of approximately three months. This delay constituted a breach of the requirements under the Securities and Futures Ordinance ("SFO") and the Securities and Futures (Licensing and Registration) (Information) Rules.
In light of Mui’s conviction and the delay in notifying the SFC, the SFC considers that he is guilty of misconduct and is not a fit and proper person to continue holding a license to carry on regulated activities.
In deciding the sanctions, the SFC considered Mui’s cooperation with the SFC in addressing the SFC’s concerns and his otherwise unblemished disciplinary record.
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