Yeung Kok-tong reprimanded by SFC

SFC announced today that it has reprimanded Yeung Kok-tong, a dealer”¦s representative of Concord Capital Brokerage Limited. The reprimand stems from an inquiry which revealed that Yeung had signed on a client£¾s account opening documents as witness acknowledging that he was present when the client signed the documents when in fact he had never met this client. He is also reprimanded for having signed on the risk disclosure statements regarding trading in securities listed in the Growth Enterprises Market in this client”¦s account opening form indicating that he had explained the content of these statements to the client when in fact he had not done so, and knowingly allowed a third person to operate this clients account without proper authority and without the knowledge of Concord.

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