SFAT affirms SFC decision to ban Sun Xiao for 13 months

26 May 2015



The Securities and Futures Commission (SFC) has banned Ms Sun Xiao from re-entering the industry for 13 months from 22 May 2015 to 21 June 2016 after the Securities and Futures Appeals Tribunal (SFAT) affirmed the SFC’s decision and ordered her to pay the SFC’s costs (Notes 1 & 2).

An SFC investigation found that Sun:

The SFC concluded that Sun’s failures were in breach of the Code of Conduct. Her non-disclosure of trading activities in the secret account was deliberate and dishonest, and called into question her fitness and properness as a licensed person (Note 3).

End

Notes:

  1. Sun was licensed under the Securities and Futures Ordinance to carry on Type 9 (asset management) regulated activities and was accredited to Mount Kellett Capital (Hong Kong) Limited between 16 October 2008 and 28 October 2013. Sun is currently not licensed by the SFC.
  2. Please refer to the Reasons for Determination (Application No. 3 of 2014) which is available on the SFAT’s website (www.sfat.gov.hk).
  3. Code of Conduct for Persons Licensed by or Registered with the Securities and Futures Commission.


Page last updated : 26 May 2015