SFC fines BOCI Securities Ltd HK$10m for investment products selling practices
SFC, 18-Mar-2019
The Bank of China (3988) subsidiary allowed clients to upgrade their investment risk without justification and to achieve "high asset concentration" - more than 20% of net assets in one product - in the majority of transactions in the relevant periods.
Xiwang Steel (1266) controller moves 66.36% from BOCI Securities to Haitong International Securities on 8-Dec-2017
Du Guorong v Bank of China International Ltd
HK Court of First Instance, 30-Jun-2017
Things do go wrong, apparently. Mr Du wins his application for pre-action discovery, to enable him to pursue his claim of some HK$100m against the bank, which is pursuing him for a debt claim of US$852k. On the bank's affirmation in defence, Deputy High Court Judge Conrad Seagroatt says "it is a singularly uninformative document riddled with irrelevancies and inaccuracies". Interestingly, Mr Seagroatt retired as a High Court Justice at 65 in 2003, but is apparently still going strong as a deputy.
Alleged hacked BOCI account explains Pa Shun Pharma (0574) surge
A Cyberport-based investment company alleges that an unauthorised person logged into its BOCI account and bought up 4.92% of PSP at an average 36% above the previous day's close, draining its account of about HK$37.7m. The SFC has today commenced a general cybersecurity review on brokers' systems after 16 incidents in the last 12 months involving over HK$100m. (13-Oct-2016)
SFC fines Lui Chi Hang, ex-ABN Amro, now at BOCI, HK$300k
SFC, 6-Jan-2016
Xiwang Steel (1266) controller moves 75% from HEC Securities to BOCI Securities on 29-Apr-2015
SFC bans Fa Kwan Lun, ex-BOCI, for 12 months
SFC, 7-Jul-2014
For dealing through his mother-in-law's account and passing client funds through his personal bank account.
SFC suspends Chen Chi Hing for 8 months
SFC, 31-Oct-2013
SFC fines BOCI Securities Ltd HK$3m for abusing client assets
SFC, 18-Feb-2009
SFC suspends Ms Tau Ling Ling for 11 weeks for unauthorised trading
SFC, 28-Sep-2006

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