On January 26, 2026, the Securities and Futures Commission ("SFC") suspended Ms. Choi Sau Wai for seven months for facilitating personal trading in a client’s account at Glory Sun Securities Limited, violating company policies and the Code of Conduct.
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On January 26, 2026, the Securities and Futures Commission ("SFC") suspended Ms. Choi Sau Wai, a former licensed representative of Glory Sun Securities Limited ("GSSL"), effective from January 23, 2026, to August 22, 2026.
Ms. Choi was found to have knowingly permitted and facilitated an account executive ("AE") of another brokerage firm to execute and carry out personal trading activities in a client’s securities account at GSSL without obtaining the client’s written authorization or consent from the AE’s employer. These actions took place between October 2019 and January 2022 and violated GSSL’s internal policies and the Code of Conduct.
During this period, the AE conducted approximately 1,300 securities transactions with a total aggregate value of $670 million in the client’s account without disclosing these activities to his employer. This exposed the client to potential financial losses and made GSSL potentially liable should the client dispute the trades in her account. Additionally, Ms. Choi’s actions prevented GSSL from fulfilling its obligations under the Code of Conduct.
Ms. Choi was licensed under the Securities and Futures Ordinance to engage in Type 1 (dealing in securities) and Type 2 (dealing in futures contracts) regulated activities. She was accredited to GSSL (formerly known as China Goldjoy Securities Limited) for Type 1 regulated activity from January 14, 2019, to June 6, 2023, and for Type 2 regulated activity from January 14, 2019, to September 27, 2022. Since September 19, 2023, she has been accredited to SinoPac Securities (Asia) Limited.
The SFC also suspended the AE, Wong Chi Fai, for 27 months. Details of this case are available in the SFC’s press release dated January 26, 2026.
A Statement of Disciplinary Action regarding this matter is available on the SFC website, last updated on January 26, 2026.
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