SFC Revokes the Registrations of Chan Yu Tong Rickie

The SFC announced today that it had revoked the registrations of Mr Chan Yu Tong, Rickie (Chan) as a dealer’s representative under the Securities Ordinance and the Commodities Trading Ordinance respectively.

The revocations stem from inquiries in which the SFC found that Chan had, whilst a dealer’s representative of China Nonferrous Metals Securities Company Limited (CNMS):

• used a client’s assets and securities without her authority and provided false documentation to her to mislead her as to the state of her account at CNMS; and
• conducted trades through her account without her knowledge or consent.

A spokesman of SFC said that Chan’s gross abuse of his client’s trust warrants the revocation of his registrations.