Hong Kong’s SFC Committee (SFC) has revoked the permission of Mr Mui Chok Wah and his approval to act as a responsible KCG Securities ASIA Limited (KCGSA) officer following his criminal conviction for theft and delay in the notification of his criminal SFC.
The MUI has also been banned from the reintegration of industry for two years from May 16, 2025 to May 15, 2027.
On June 13, 2024, Mui was arrested and accused by Hong Kong’s police force to steal a wallet left on an ATM machine. He was convicted of theft by the courts of the Eastern Courts on September 11, 2024.
Instead of immediately notifying the SFC of his criminal charges, Mui waited until he was convicted by the court. As a result, the delay, which lasted about three months in the MUI case, was a violation of the claims in accordance with the rules of the rules of mobile values and future future fulfillment (SFO).
Due to MUI’s conviction and his delay in alerting the SFC of criminal charges against him, the SFC considers to be guilty of misconduct and is not a suitable and appropriate person to remain permission to carry out regulated activities.
During the ratification decision, the SFC took into account MUI’s cooperation with the SFC to resolve the worries of the SFC and its other clean discipline.