SFC bans Daniel Chen Chi Lik for life

20 Apr 2017



The Securities and Futures Commission (SFC) has banned Mr Daniel Chen Chi Lik, a former staff of Bank of China (Hong Kong) Limited (BOCHK), from re-entering the industry for life following his conviction for theft by the Eastern Magistrates’ Court in October 2016 (Notes 1 & 2).

The court found that Chen, who was then a bank manager at a branch of BOCHK, had stolen a total of $40,000 from a teller cash box assigned to him on several occasions in September 2016. 

The SFC considers that Chen is not a fit and proper person to be licensed or registered to carry on regulated activities as a result of his criminal conviction.

This case was referred to the SFC by the Hong Kong Monetary Authority.

End

Notes:

  1. Chen was a relevant individual engaged by BOCHK to carry on Type 1 (dealing in securities) and Type 4 (advising on securities) regulated activities under the Securities and Futures Ordinance from 1 April 2003 to 27 September 2016.  Chen is currently neither registered with the Hong Kong Monetary Authority nor licensed by the SFC.
  2. The Eastern Magistrates’ Court sentenced Chen to two months’ imprisonment on 19 October 2016 after his conviction.  


Page last updated : 20 Apr 2017