Li, Ting Yuen 李廷遠
Ex-AXA financial consultant and an insurance broker charged with commissions fraud
ICAC, 30-Jul-2018
This is the second time around for insurance broker Li Ting Yuen, a former technical representative of CTHK Asset Management Ltd who was convicted in 2016 and jailed for 8 months on a separate charge. Fornia Chan Yin Fei is currently SFC-licensed at Sun Hung Kai Investment Services Ltd.
ICAC, 30-Jul-2018
This is the second time around for insurance broker Li Ting Yuen, a former technical representative of CTHK Asset Management Ltd who was convicted in 2016 and jailed for 8 months on a separate charge. Fornia Chan Yin Fei is currently SFC-licensed at Sun Hung Kai Investment Services Ltd.
Duo jailed for accepting HK$500k bribe and fraud over insurance policy
| Reasons for sentence (Chinese)
ICAC, 6-May-2016
ICAC, 6-May-2016
Duo guilty of bribery and fraud over AXA insurance policy
| Reasons for verdict (Chinese)
ICAC, 29-Apr-2016
An earlier announcement disclosed that the insurance policy was US$2m (HK$15.6m). It earned an up-front commission of HK$1.2m for the agency, CTHK Asset Management Ltd. $0.5m of this made its way to the HSBC staffer, who was only supposed to flog HSBC's prodcuts. The almost 8% front-end fee is a useful reminder of just how inefficient these policies are as a method of savings.
ICAC, 29-Apr-2016
An earlier announcement disclosed that the insurance policy was US$2m (HK$15.6m). It earned an up-front commission of HK$1.2m for the agency, CTHK Asset Management Ltd. $0.5m of this made its way to the HSBC staffer, who was only supposed to flog HSBC's prodcuts. The almost 8% front-end fee is a useful reminder of just how inefficient these policies are as a method of savings.
Ex-HSBC relationship manager and AXA broker charged with HK$500k bribery and fraud
ICAC, 10-Jun-2015
One simple point comes out of this: the brokerage fee AXA pays on a US$2m (HK$15.6m) savings plan is HK$1.24m, or about 8%. We wonder why anyone would buy such inefficient savings vehicles.
ICAC, 10-Jun-2015
One simple point comes out of this: the brokerage fee AXA pays on a US$2m (HK$15.6m) savings plan is HK$1.24m, or about 8%. We wonder why anyone would buy such inefficient savings vehicles.
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