The Securities and Futures Commission ("SFC") suspended Ms. Hadiee Chui Lai Chun for seven months for failing to disclose and report her personal securities trading activities while working for Rifa Securities Limited. This suspension will last from 13 June 2025 to 12 January 2026.
This article was generated using SAMS, an AI technology by Timothy Loh LLP.
SFO, s. 300: Fraudulent & Deceptive Conduct Provisions to Combat Insider Dealing and Other Misconduct
The Court of Appeal decision in Securities and Futures Commission v. Young Bik Fung confirmed that insider dealing as well as other market misconduct could be r
D&O Insurance in Hong Kong: What To Know In The Event Of SFC Enforcement Action
Enforcement action by the Securities and Futures Commission (“SFC”) against officers of companies listed on the Stock Exchange of Hong Kong is becoming increasi
SPOTLIGHT ON
FAMILY OFFICES
On June 16, 2025, the Securities and Futures Commission ("SFC") suspended Ms. Hadiee Chui Lai Chun, a licensed representative of Rifa Securities Limited (Rifa), for a period of seven months from 13 June 2025 to 12 January 2026.
The disciplinary action was initiated following an SFC investigation that revealed Chui's failure to disclose her personal securities trading account maintained at another brokerage firm to Rifa. Over a period of three years, from September 2018 to September 2021, Chui conducted 20 personal trades through the undisclosed account without the required approval and failed to report these trades or provide relevant trade confirmations and statements of account to Rifa.
Her actions circumvented Rifa's staff dealing policy and obstructed the monitoring of her personal trading activities. The SFC deemed her conduct wilful and dishonest, raising serious concerns about her fitness and suitability to retain her licensed status.
After considering all relevant factors, including the duration of her breaches, her cooperation in addressing the SFC's concerns, and her clean disciplinary record, the SFC determined that a seven-month suspension was an appropriate penalty. Chui was accredited as a licensed representative to Rifa for Type 1 (dealing in securities) regulated activity since 19 September 2018.
View the full article:Source
