SHARE
News in Brief - Caproasia Online

Are you looking for your next career? Banks, Private Banks, IFAs, Fund Management Co.? Search for wealth & investment Jobs here or join mailing list or receive updates here

SFC Bans Former Citibank Relationship Manager for 3 Years

The Securities and Futures Commission (SFC) has banned Yeung Leung Yuen, a former relationship manager of Citibank in Hong Kong from re-entering the industry for three years for conducting unauthorized transactions in a client’s securities account.

” Former Citibank Relationship Manager Banned for 3 Years “

Between 30th March and 11st April 2016, the Citibank relationship manager had impersonated the client and placed orders of five unauthorized share purchase in the client’s securities account over phone via Citibank’s stock trading hotline.

The SFC is of the view that Yeung was guilty of misconduct which calls into question his fitness and properness to be a regulated person.  The five unauthorized transactions were unwound by Citibank at a loss of $22,233, and absorbed by Citibank.

About Citibank

Citi Bank
Citi Bank

Citi was founded in 1812 as City Bank of New York. Today, it has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management. Citi currently operates, for management reporting purposes, via two primary business segments: Citicorp, representing Citi’s core growth franchises and Citi Holdings, which contains businesses and assets that are not core to Citi’s future.

  • Origin : New York City, NY, USA
  • Assets : $1.73 trillion
  • Revenue : $76.3 billion
  • Employees : 231,000

Official Website: www.citigroup.com

Advertisement


News & Media: Press Release

Updated on 8th August 2016



Caproasia Online is an E-Magazine for Wealth Managers, Private Bankers & Investment Professionals.  View latest jobs in Banks, Private Banks, IFAs, Fund Management here or join our mailing list or receive updates here

For content usage and citations, kindly provide a backlink or whenever possible – Source: Caproasia