The Hong Kong Securities and Futures Commission (SFC) has suspended Ms Hadiee Chui Lai Chun, a licensed representative of Rifa Securities Limited, for seven months from 13 June 2025 to 12 January 2026 following an investigation into her personal dealing conduct. Between September 2018 and September 2021, Chui failed to disclose to Rifa a personal securities trading account held at another brokerage firm and executed 20 personal trades through that account without prior approval from any responsible officer. She also failed to report the trades or provide relevant trade confirmations and account statements, which the SFC found had circumvented Rifa’s staff dealing policy and prevented monitoring of her personal trading activities. The SFC considered the conduct wilful and dishonest, raising concerns about her fitness and properness, and noted in setting the sanction that the breaches lasted around three years, alongside her cooperation and an otherwise clean disciplinary record.
Hong Kong Securities & Futures Commission 2025-06-16
Hong Kong Securities and Futures Commission suspends Rifa Securities representative Hadiee Chui Lai Chun for seven months over undisclosed personal trading
The Hong Kong Securities and Futures Commission (SFC) has suspended Ms Hadiee Chui Lai Chun, a licensed representative of Rifa Securities Limited, for seven months due to undisclosed personal trading activities. Chui executed 20 trades through an undisclosed account, circumventing Rifa’s staff dealing policy. The SFC deemed her conduct wilful and dishonest, impacting her fitness and properness, but noted her cooperation and clean disciplinary record.