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SFC bans two former HSBC advisors for life

The Securities and Futures Commission (SFC) has barred two HSBC advisors from re-entering the industry for false claims pertaining to the selling investment products and for receiving commission. Chau Hang Yu, formerly known as Aixingero Chat Yung, and Steve Chow Chun Yin were banned by the watchdog after falsely claiming that certain HSBC clients had agreed to buy unit trust funds (UTF) in 2012 and…

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