On June 4, 2025, the Securities and Futures Commission (SFC) banned Wong Lai Suen, a former responsible officer of MTF Securities Limited, for six months due to her failure to manage credit risks and identify suspicious trading activities. An investigation revealed that MTF granted excessive trading limits to three cash clients shortly after they opened their accounts, without proper due diligence and in violation of regulatory requirements. Wong’s inaction contributed to MTF’s inability to report potentially illicit transactions, undermining market integrity.
Resources: https://apps.sfc.hk/edistributionWeb/gateway/EN/news-and-announcements/news/doc?refNo=25PR80