Hong Kong's securities regulator has banned a former licensed trader from the industry for nine months, after he was convicted earlier this year of misleading the Securities and Futures Commission (SFC) over a previous disciplinary action from an overseas regulator. The SFC banned Roger Tsui Chi Fung until May 14, 2015, saying he failed to disclose the disciplinary action, taken by the U.S. Financial Industry Regulatory Authority (FINRA), in two annual returns provided to the SFC in 2009. In January, the Eastern Magistrates’ Court convicted Tsui after he pleaded guilty to two counts of providing false or misleading information to the SFC. He was fined HK$8,000 ($1,000) and ordered to pay the SFC’s investigation costs. FINRA, which regulates broker-dealers and other financial intermediaries, imposed a sanction on Tsui on January 7, 2008 for possession of unauthorised materials whilst attending a securities qualification-related examination held in Hong Kong. He was fined $5,000
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