The Securities and Futures Commission (SFC) has banned Mr TS’O Jing, a former relationship manager of China Citic Bank International Limited (CITIC), from re-entering the industry for life following his conviction for fraud (Notes 1 & 2).

The Eastern Magistrates’ Court found that between May 2016 and January 2017, TS’O, who was then responsible for handling customer account opening for CITIC, falsely represented to seven customers about an additional sum they had to pay CITIC for their account opening applications.

TS’O pocketed the additional sum from the customers and fabricated receipts to acknowledge payments from them on five occasions.

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

The case was referred to the SFC by the HKMA.

End