Home Financial Center Hong Kong SFC Bans Former Employee of HSBC for Life

SFC Bans Former Employee of HSBC for Life

12
0
News in Brief - Caproasia Online

Join more than 4,000 leading financial professionals in Asia to receive Caproasia exclusive newsletter here.

For financial professionals managing assets or advising client , sign up here. Gain advantage today as a Caproasia user. For existing Caproasia user, contact your regional representative.


SFC Bans Former Employee of HSBC for Life

The Securities and Futures Commission(SFC) has banned Ms Li Lee, a former employee of HSBC from entering the industry for life after her criminal convictions. She was responsible for making false claims to her employer that she sold certain unit trust funds and an insurance product to five customers.

Li was also found to have paid $30,000 to $60,000 to her colleague as financial compensation for referring customers to her.

News Source: SFC Press Release

 

About HSBC

HSBC
HSBC

The Hong Kong and Shanghai Banking Corporation Limited (NYSE:HSBC) was established in 1865 to finance the growing trade between Europe, India and China. HSBC was born from one simple idea – a local bank serving international needs. Today, it covers 71 countries and territories in Europe, Asia, the Middle East and Africa, North America and Latin America with around 4400 offices in both established and emerging markets, serving around 46 million customers through the Four Global Businesses: Retail Banking and Wealth Management, Commercial Banking, Global Banking and Markets, and Global Private Banking.

  • Origin : London, UK
  • Assets : Euro 21.67 billion
  • Revenue : Euro 721.3 million
  • Employees : 266,000

Official Website: www.hsbc.com

News & Media: Press Release

Updated on 8th August 2016

 




Join more than 4,000 leading financial professionals in Asia to receive Caproasia exclusive newsletter here.

For financial professionals managing assets or advising client , sign up here. Gain advantage today as a Caproasia user. For existing Caproasia user, contact your regional representative.