Hong Kong Slaps Banker With Ban for Mobile Phone, WeChat Use
HK Watchdog Hit Banker With Ban for WeChat Use
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Hong Kong’s securities watchdog banned a brokerage employee from the industry for four months for the manner in which he used his mobile phone and Tencent Holdings Ltd.’s WeChat to take orders from clients.
Xu Tao, a former investment consultant of China International Capital Corporation Hong Kong Securities Ltd., can’t work in the industry again until February, the Securities and Futures Commission said in a statement on its website dated Wednesday. Xu used his mobile phone and the WeChat messaging application to accept order instructions from 13 clients between February and August 2015, in breach of the SFC’s code of conduct and his employer’s internal rules, according to the statement.