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
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