The Hong Kong Securities and Futures Commission (SFC) has suspended Mr Pun Hong Hai, a former responsible officer, chief executive officer and manager-in-charge of overall management oversight of Freeman Commodities Limited, for 10 months from 11 June 2025 to 10 April 2026 for supervisory failures. The SFC found Pun failed to discharge his duties as a responsible officer and senior management member to ensure Freeman maintained appropriate standards of conduct, adhered to proper procedures and adequately managed business risks. The failures related to the firm’s use of customer supplied systems for client order placement and its monitoring of suspicious money movements and trading patterns in client accounts between June 2017 and December 2018. The disciplinary action is linked to an ongoing SFC disciplinary action against a related entity, and the SFC indicated it will not disclose further details about its action against Pun until that related matter concludes.
Hong Kong Securities & Futures Commission 2025-06-19
Hong Kong Securities and Futures Commission suspends former Freeman Commodities responsible officer Pun Hong Hai for 10 months over supervisory failures
The Hong Kong Securities and Futures Commission (SFC) has suspended Mr. Pun Hong Hai, former CEO and manager-in-charge of Freeman Commodities Limited, for 10 months due to supervisory failures. Pun failed to ensure appropriate conduct standards and risk management, particularly concerning client order systems and monitoring suspicious activities. This action is part of an ongoing SFC disciplinary process involving a related entity.