PROMISING SECURITIES COMPANY LIMITED 昌盛證券有限公司
SFC fines Promising Securities HK$3.5m
SFC, 10-May-2017
An unlicensed person was performing both sales and settlement, giving her the opportunity to misappropriate HK$8m of client assets. She was only licensed to deal for 6 months from 21-May-2009 to 22-Dec-2009. Webb-site Who's Who shows that person must be Chan Bun Yu. Promising "has taken steps to" return the misappropriated assets to all affected clients. No word on whether they have finished doing so, but it looks promising.
SFC, 10-May-2017
An unlicensed person was performing both sales and settlement, giving her the opportunity to misappropriate HK$8m of client assets. She was only licensed to deal for 6 months from 21-May-2009 to 22-Dec-2009. Webb-site Who's Who shows that person must be Chan Bun Yu. Promising "has taken steps to" return the misappropriated assets to all affected clients. No word on whether they have finished doing so, but it looks promising.
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