Owing to the constraints of the Articles of Association, this record is not able to provide full disciplinary record of registrants before 21 November 2013.

因章則所限，本名冊未能提供於2013年11月21日前有關註冊人士的的紀律行動的所有記錄。

Date 日期 (DD/MM/YYYY) Registration Number 註冊號碼 Name of Registrant 註冊人士名稱 Case Narrative 個案描述 (In English Only) 13/09/2019 - 13/09/2019 015105 CHAN Wai Man 陳瑋雯 The Technical Representative failed to comply with the CPD requirement in the year of 2018, which was in breach of Membership Regulation 10.1.7. She was fined at HK$2,500. 06/09/2019 - 06/09/2019 016495 YE Weikang 叶偉康 The Technical Representative failed to comply with the CPD requirement in the year of 2018, which was in breach of Membership Regulation 10.1.7. He was fined at HK$2,500. 05/09/2019 - 05/09/2019 001858 DAVIES Simon Huw he Technical Representative had in the course of advising and arranging the funds selection failed to conduct proper due diligence of the relevant funds nor did he look after his client’s interests above all other considerations and therefore was in breach of Principle (b) of the CIB Code of Conduct. He was considered not a fit and proper person. He was ordered to be prohibited from being a director or shareholder of, or associated in any manner with, or being registered as a Chief Executive or Technical Representative in respect of any Member of the CIB for a period of 18 months. 21/08/2019 - 21/08/2019 003472 LEE Hoi Yan 李凱欣 The Chief Executive failed to comply with the CPD requirement in the year of 2018, which was in breach of Membership Regulation 9.1.9 She was fined at HK$1,000. 19/08/2019 - 19/08/2019 013771 LAU Hiu Ping 劉曉萍 The Technical Representative failed to comply with the CPD requirement in the year of 2018, which was in breach of Membership Regulation 10.1.7. She was fined at HK$500. 17/07/2019 - 17/07/2019 014951 NG Wing Fan Sonia 吳穎薰 The Technical Representative failed to comply with the CPD requirement in the year of 2018, which was in breach of Membership Regulation 10.1.7. She was fined at HK$500. 20/05/2019 - 20/05/2019 008310 WAN Chun Ka 温振家 The Technical Representative failed to properly handle the policy renewal of his client, which was in breach of Principle (b) of CIB’s Code of Conduct. A warning is issued. 23/04/2019 - 23/04/2019 003303 KIRKHAM Mark Edward The Chief Executive failed to ensure that the Member has adequate resources to supervise diligently and does supervise diligently persons employed or appointed by the Member to conduct Linked Long Term Business on its behalf, which was in breach of Clause 5.1.1 of the Regulations for Insurance Brokers Engaged in Advising on Linked Long Term Insurance or Arranging Negotiating Policies of Linked Long Term Insurance (“Regulations”). A warning letter was issued. The Chief Executive also failed to take all reasonable steps to execute promptly client's instruction to sell client's holdings of a fund held under the policy, which was in breach of Clause 5.4.5 of Regulations. A fine of HK$10,000 was imposed. 04/04/2019 - 04/04/2019 006423 SIU Wai Luk Wagner 蕭偉略 The Technical Representative had falsely stated the place of signing of the policy owner on the policy applications, in breach of Principle (a) of CIB’s Code of Conduct. 29/01/2019 - 29/01/2019 010014 WAN Kit Man 尹潔雯 The Technical Representative advised her client to purchase a policy which was wholly unsuitable for him and failed to advise the client to fill the Replacement Declaration correctly. She was found in breach of principles (a) and (b) of CIB’s Code of Conduct and Section (IV)(B)(a) of the Insurance Authority’s Minimum Requirements. It was also concluded that she was and is not a fit and proper person. She was prohibited from being registered as a director or shareholder of, or associated in any manner with, or registered as a Chief Executive or Technical Representative in respect of any Member of the CIB for a period of 5 years. 30/11/2018 - 30/11/2018 001800 BIBBY Graham Frank 貝淦恆 The Chief Executive by allowing the relevant funds to be available for purchase by his clients without disclosing his interest therein did not place his clients’ interest before all other considerations and therefore was in breach of Principles (a) and (b) of the CIB Code of Conduct. He was considered not a fit and proper person. He was ordered to be permanently prohibited from being a director or shareholder of or associated in any manner with or being registered as a Chief Executive or Technical Representative in respect of any Member of the CIB. 19/11/2018 - 19/11/2018 006155 YEUNG Lai Key 楊麗琪 The Technical Representative failed to comply with the CPD requirement in the year of 2017, which was in breach of Membership Regulation 10.1.7. She was fined at HK$2,500. 16/11/2018 - 16/11/2018 001850 BEALE Christopher John The Chief Executive wrongly advised the client to commit to a policy that was unaffordable. He instructed a Technical Representative to wrongly tick the “No” box in the Replacement Declaration and did not advise the client of the consequences and implications of early discontinuance, surrender or further replacement of the policy. It was concluded that the Chief Executive was in breach of Principle (b) of the CIB Code of Conduct and Membership Regulations 14.7.4 and 14.7.7. He also failed to disclose the extent of remuneration following a request from the client in breach of Membership Regulation 14.8 Note 1. He was considered not fit and proper and was directed to be permanently prohibited from being a director or shareholder of or associated in any manner with or being registered as a Chief Executive or Technical Representative in respect of any Member of the CIB. 16/11/2018 - 16/11/2018 001956 KEATING Gary John The Technical Representative advised his client to purchase a policy that was unaffordable, unsuitable and was contrary to his client’s interest. His conduct constituted flagrant breaches of Principles (a) and (b) of the CIB Code of Conduct. He was considered not a fit and proper person to be registered as a Technical Representative of CIB. He was directed to be permanently prohibited from being a director or shareholder of or associated in any manner with or being registered as a Chief Executive or Technical Representative in respect of any Member of the CIB. 16/11/2018 - 16/11/2018 011125 GODFREY Ian Russell 高彥恩 The Technical Representative failed to fill the Replacement Declaration correctly, in breach of Principle (b) of the CIB Code of Conduct. He also failed to complete a Customer Protection Declaration in accordance with the explanatory notes and failed to advise the client of the consequences and implications of early discontinuance, surrender or further replacement of the policy, in breach of Membership Regulations 14.7.4 and 14.7.7. A reprimand was issued to him. 02/11/2018 - 02/11/2018 001956 KEATING Gary John The Technical Representative advised his client to purchase a policy which was unaffordable and gave misleading advice to his client without placing the client’s interest before all other considerations.The Technical Representative was in gross breach of Principles (a) and (b) of the CIB Code of Conduct. He was considered not a fit and proper person. He was directed to be permanently prohibited from being a director or shareholder of or associated in any manner with or being registered as a Chief Executive or Technical Representative in respect of any Member of the CIB. 29/10/2018 - 29/10/2018 015555 CHEN Ying 陳穎 The Technical Representative failed to comply with the CPD requirement in the year of 2017, which was in breach of Membership Regulation 10.1.7. She was fined at HK$1,000. 18/09/2018 - 18/09/2018 015490 CHEN Yingbo 陳映波 The Technical Representative failed to comply with the CPD requirement in the year of 2017, which was in breach of Membership Regulation 10.1.7. A warning was issued to him and he was also fined at HK$4,000. 28/08/2018 - 28/08/2018 012231 SAJJAN Harpreet Singh The Technical Representative failed to take all reasonable steps to execute promptly client's instruction to sell client's holdings of a fund held under the policy, which was in breach of Clause 5.4.5 of Regulations for Insurance Brokers Engaged in Advising on Linked Long Term Insurance or Arranging Negotiating Policies of Linked Long Term Insurance. The Technical Representative was prohibited from being registered as a Technical Representative of the CIB for a period of 6 months. 13/06/2018 - 13/06/2018 001822 BOJAN David Robert The Chief Executive of the Member failed to provide to the clients details of the fees or commissions earned from the policies despite the clients’ request, in breach of CIB Membership Regulation 14.8 Note 1. He was fined at $10,000. 15/05/2018 - 15/05/2018 012536 LAU Chun Tung 劉震東 He as the Chief Executive of the Member failed to vet the client’s information and as such, serious questions could be raised as to his fitness to be registered as the Chief Executive. He is prohibited from being a director or shareholder of, or associated in any manner with, or registered as a Chief Executive in respect of any Member of the CIB for a period of 2 years, with that prohibition be suspended for the period of 1 year from the date of this Decision. This means that if he does not have any other disciplinary case under the CIB Code of Conduct and/or Membership Regulation found established against him within 1 year, the stated prohibition shall not take effect. 28/03/2018 - 28/03/2018 000498 CHAN Wing Chung Herbert 陳穎宗 He as the Chief Executive of the Member failed to submit audited Financial Statement and Compliance Report for Financial Year Ended 31 December 2014 within six months after the end of its financial year, which was in breach of Membership Regulation 13.1. He was fined at HK$50,000. 21/03/2018 - 21/03/2018 015100 WONG Hin Yat 黃衍一 The Technical Representative wrongly informed the client about the estimated full surrender value of her policy, also confirmed with the client the wrong estimated value, which was in breach of Regulations for Insurance Brokers Engaged in Advising on Linked Long Term Insurance or Arranging or Negotiating Policies of Linked Long Term Insurance 5.4.1. A warning was issued to her. 21/02/2018 - 21/02/2018 010867 LEE Yeuk Yu Ross 李若愚 The conduct of the Technical Representative was in breach of Principles (b) of the CIB Code of Conduct requiring that “Members shall do everything possible to satisfy the insurance requirements of their clients and shall place the interests of those clients before all other considerations”. 06/11/2017 - 06/11/2017 000756 LEE Koon Shing 李觀勝 The Chief Executive failed to allocate adequate resources and set up appropriate procedures at the relevant time to ensure compliance with the Membership Regulations and the CIB Code of Conduct, in breach of Membership Regulation 3.2. A warning was issued to him. 06/11/2017 - 06/11/2017 012028 LEUNG Chi Ho 梁志豪 The Technical Representative, despite being aware of the complainant’s actual financial and employment situation, marketed to the complainant a policy that was unaffordable and inappropriate.  The Technical Representative is in breach of Principle (b) of CIB Code of Conduct and Regulation 3.7 of the Membership Regulations.  He is also considered not a fit and proper person to remain registered as a Technical Representative in accordance with Membership Regulations 3.8, 4.1 and 10.1.5.  He was prohibited from being registered as a Technical Representative in respect of any Member of the CIB for a period of 5 years. 06/11/2017 - 06/11/2017 013343 CHAN Ching Shan 陳靜山 The Technical Representative failed to comply with the CPD requirements in the year of 2015, which was in breach of Membership Regulation 10.1.7, also made an incorrect statement in respect of his CPD compliance in the registration renewal form. A reprimand was issued to him. 06/11/2017 - 06/11/2017 014756 CHEN Shirong 陳仕荣 The Technical Representative failed to comply with the CPD requirements in the year of 2015, which was in breach of Membership Regulation 10.1.7, also made an incorrect statement in respect of his CPD compliance in the registration renewal form. A reprimand was issued to him. 28/09/2017 - 28/09/2017 011708 LAI Kit Ying 黎潔瑩 The Technical Representative failed to exercise due care and diligence in handling client’s request for service, in breach of Principle (b) of the CIB Code of Conduct. A warning was issued to the Technical Representative. 25/09/2017 - 25/09/2017 001453 POON Chi Ho 潘志豪 The Technical Representative used a narrative of fees and charges on the Financial Recommendation which was found to be seriously misleading. The Technical Representative was in breach of Principle (b) of the Code of Conduct. 25/09/2017 - 25/09/2017 013711 ROGERSON Thomas Neil The Technical Representative was found that language of the kind sent to the complainant was not acceptable. The Technical Representative was in breach of Principle (a) of the Code of Conduct. A warning was issued to him. 24/07/2017 - 24/07/2017 009104 TSE Kar Ho Jeffrey 謝家浩 The Technical Representative used a spreadsheet on the basis that premiums were to be paid for the first 3 years only with 15% growth rate notwithstanding that the policy has a term of 30 years. It was found that he failed to at all times conduct his business with utmost good faith and integrity, in breach of Principle (a) of the CIB Code of Conduct, also in breach of Regulation 14.7.3. A fine of HKD 50,000 is imposed. 24/07/2017 - 24/07/2017 010384 LEUNG Ka Yu 梁家裕 The Technical Representative used a spreadsheet on the basis that premiums were to be paid for the first 3 years only with 15% growth rate notwithstanding that the policies have terms of 30 years. It was found that he failed to conduct his business with utmost good faith and integrity, in breach of Principle (a) of CIB Code of Conduct, also in breach of Membership Regulation 14.7.3. A fine of HKD 50,000 is imposed. 20/07/2017 - 20/07/2017 000920 SHING Kwok Hung 成國雄 The Technical Representative failed to comply with the CPD requirements in the year of 2016, which was in breach of Membership Regulation 10.1.7, also made an incorrect statement in respect of his CPD compliance in the registration renewal form, in breach of IIQAS CPD Programme Administrative Framework 5.1. A fine of HKD 2,250 is imposed. 20/07/2017 - 20/07/2017 001809 HO Yuen Mun Betty 何婉敏 The Technical Representative failed to comply with the CPD requirements in the year of 2016, which was in breach of Membership Regulation 10.1.7, also made an incorrect statement in respect of her CPD compliance in the registration renewal form, in breach of IIQAS CPD Programme Administrative Framework 5.1. A fine of HKD 2,500 is imposed. 13/07/2017 - 13/07/2017 014075 LO Man Wai 羅文威 The Technical Representative made an incorrect statement in respect of his CPD compliance in the registration renewal form, in breach of IIQAS CPD Programme Administrative Framework 5.1. A fine of HKD 2,000 is imposed. 04/07/2017 - 04/07/2017 010466 LAW Mei Po Mabel 羅美寶 The Technical Representative made an incorrect statement in respect of her CPD compliance in the registration renewal form, in breach of IIQAS CPD Programme Administrative Framework 5.1. A fine of HKD 2,000 is imposed. 16/06/2017 - 16/06/2017 012769 DIMLA Claire P. The Technical Representative made an incorrect statement in respect of her CPD compliance in the registration renewal form, in breach of IIQAS CPD Programme Administrative Framework 5.1. A fine of HKD 2,000 is imposed. 08/06/2017 - 08/06/2017 011283 YEUNG Ngai Keung 楊藝強 The Technical Representative had failed to act according to the instruction of his client in regard to the appointment of an investment adviser of the policy. It was found that he failed to do everything possible to satisfy the insurance requirements of his client and that he did not take reasonable steps to execute promptly his client’s instructions, in breach of Principle (b) of CIB Code of Conduct and Regulation 5.4.5 of CIB’s Regulations for Insurance Brokers Engaged in Advising on Linked Long Term Insurance or Arranging Negotiating Policies of Linked Long Term Insurance. A warning is imposed. 29/03/2017 - 29/03/2017 000498 CHAN Wing Chung Herbert 陳穎宗 The Chief Executive failed to co-operate with CIB in answering enquiries relating to their receipt of an anonymous complaint against the Member and an alleged unauthorized Technical Representative. A fine of HKD 10,000 is imposed. 29/03/2017 - 29/03/2017 000498 CHAN Wing Chung Herbert 陳穎宗 The Chief Executive failed to co-operate with CIB in answering enquiries relating to potentially misleading claims made on the Member’s website. A fine of HKD 10,000 is imposed. 01/03/2017 - 01/03/2017 008739 CHAN Sai Kwong 陳世光 The Technical Representative failed to exercise due care and diligence in understanding and satisfying the insurance needs and requirements of the client and thereby breaching his responsibilities and failed to comply with the minimum requirements in the Code of Conduct. It was also concluded that serious questions can be raised as to his fitness and properness as a registered Technical Representative. He was prohibited from being registered as a director or shareholder of, or associated in any manner with, or registered as a Chief Executive or Technical Representative in respect of any Member of the CIB for a period of 12 months. 24/02/2017 - 24/02/2017 006505 LEUNG Ka Man 梁嘉汶 The Technical Representative failed to conduct business with utmost good faith and integrity and failed to exercise due care and diligence, in beach of CIB's Code of Conduct and the Minimum Requirements. She is prohibited from being registered as a Technical Representative in respect of any Member of the CIB for a period of 5 years. 25/01/2017 - 25/01/2017 003486 TONG Ye Fung 唐爾豐 TONG Ye Fung failed to do everything possible to satisfy the insurance requirements of the client and to place the client’s interests before all other considerations, in breach of principle (b) of the CIB Code of Conduct. A warning was issued to him. 30/11/2016 - 30/11/2016 014379 BRAGG James The Technical Representative failed to ensure that clients' monies were not used for purposes other than those for the clients, which was in breach of Membership Regulation 5.3.4. He was fined HK$10,000 and issued a Warning Letter. 11/11/2016 - 11/11/2016 001956 KEATING Gary John The Technical Representative failed to at all times conduct his business with utmost good faith and integrity, in breach of CIB's Code of Conduct Principle (a), that he be prohibited from being registered as a Technical Representative in respect of any member of the CIB for a period of 3 years. 12/10/2016 - 12/10/2016 000407 HO Lung Wai Stanley 何龍偉 The Member, its former Chief Executive and the Technical Representative recognise that, due to the absence of an internal notation by the Technical Representative of the existence of an existing policy on a personal financial analysis form for a second policy, as at 26 August 2010 they did not fully satisfy the Confederation that they had done “everything possible to satisfy the insurance requirements” of the specific client as required under the CIB Code of Conduct principle (b). A letter of disapproval was issued. 12/10/2016 - 12/10/2016 007616 LEE Benny Ka Pang 李嘉鵬 The Member, its former Chief Executive and the Technical Representative recognise that, due to the absence of an internal notation by the Technical Representative of the existence of an existing policy on a personal financial analysis form for a second policy, as at 26 August 2010 they did not fully satisfy the Confederation that they had done “everything possible to satisfy the insurance requirements” of the specific client as required under the CIB Code of Conduct principle (b). A letter of disapproval was issued. 29/09/2016 - 29/09/2016 000489 HUANG Doron 黃道蓉 The Technical Representative provided to a client a screenshot captured from the servicing site of the insurer which showed the policy details of the client’s policy, whilst the said servicing site is available to and intended for brokers only. It is in breach of Principle (b) of CIB’s Code of Conduct that she failed to to do everything possible to satisfy the insurance requirements of her client and it is in breach of Regulation 5.4.1 of CIB’s Regulations for Insurance Brokers engaged in Advising on Linked Long Term Insurance or Arranging Negotiating Policies of Linked Long Term Insurance that she failed to exercise due skill, care and diligence in ensuring that any representations made and information provided to the client are accurate and up-to-date. 12/09/2016 - 12/09/2016 002773 TSANG Hing Lun Alan 曾慶璘 He failed to ensure completion of the Customer Protection Declaration form, contrary to CIB Membership Regulation 14.7.7. A reprimand was issued to him. 07/09/2016 - 07/09/2016 001990 SHAW David Simon He had failed to comply with the CPD requirements in the year of 2013, which was in breach of Membership Regulation 10.1.7. It was found by the Disciplinary Committee that the breach was inadvertent and technical in nature and that it was immediately remedied. He was fined at HK$1,000 and a reprimand was issued to him. 05/09/2016 - 05/09/2016 012065 SOO Donald Hintin He failed to earn the required CPD Hours when applying for his registration renewal for 2016 which was in breach of Membership Regulation 10.1.7. He was fined at HK$4,250. 20/07/2016 - 20/07/2016 010057 CHAN Yip Kuen Eric 陳業權 He failed to earn the required CPD Hours when applying for his registration renewal for 2016 which was in breach of Membership Regulation 10.1.7. He was fined at HK$1,500. 28/06/2016 - 27/06/2031 007343 ATTERBURY Stephen David The Technical Representative misrepresented to the client the level of bonus for topping up to an investment-linked long term insurance policy, that he be prohibited from being a director or shareholder of, or associated in any manner with, or registered as a Chief Executive or Technical Representative in respect of, any member of the CIB for a period of 15 years. 17/06/2016 - 17/06/2016 002773 TSANG Hing Lun Alan 曾慶璘 The Chief Executive (1) failed to exercise due care and diligence and/or put in place a proper system and control to follow up and follow through client’s optional management authority application, (2) failed to exercise due care and diligence in understanding and satisfying the insurance needs and requirements of client and/or failed to place the interests of client before all other considerations; in breach specifically and primarily of Principle (b) of the CIB Code of Conduct and Regulation 5.4.5 of the Regulations for Insurance Brokers Engaged in Advising Linked Long Term Insurance or Arranging Negotiating Policies of Linked Long Term Insurance.  A warning was issued to the Chief Executive. 17/06/2016 - 17/06/2016 005977 LO Wai Chi 盧慧姿 She failed to consider, or duly consider the investment requirement and financial situation of her clients in her recommendation and therefore was in contravention of principle (a) and (b) of the CIB Code Of Conduct. She was fined at HK$20,000. 17/06/2016 - 17/06/2016 008861 LAI Yuen Yee 黎苑兒 The Technical Representative (1) failed to exercise due care and diligence and/or put in place a proper system and control to follow up and follow through client’s optional management authority application; (2) failed to exercise due care and diligence in understanding and satisfying the insurance needs and requirements of client and/or failed to place the interests of client before all other considerations; in breach specifically and primarily of Principle (b) of the CIB Code of Conduct and Regulation 5.4.5 of the Regulations for Insurance Brokers Engaged in Advising Linked Long Term Insurance or Arranging Negotiating Policies of Linked Long Term Insurance. A warning was issued to the Technical Representative. 17/06/2016 - 17/06/2016 014577 WONG Koon Au 黃冠歐 He failed to earn the required CPD Hours when applying for his registration renewal for 2016 which was in breach of Membership Regulation 10.1.7. He was fined at HK$1,400. 28/04/2016 - 28/04/2016 001850 BEALE Christopher John The Chief Executive failed to conduct his business with the utmost good faith and integrity and had deliberately made numerous false statements He exercised no due care or diligence in understanding and satisfying the insurance needs of his clients and had placed his own interests above theirs. It was therefore concluded that the Chief Executive had not complied with the requirement that he is a fit and proper person. The Member failed to keep and maintain proper books and accounts, contrary to CIB Membership Regulation 5.4.1. The Member was suspended from membership for a period of one year. The Chief Executive was suspended from being registered as a Technical Representative and as a Chief Executive of any Member of the CIB for a period of one year. 28/04/2016 - 28/04/2016 008725 LEUNG Yuen Tung Muse 梁烷彤 The Technical Representative failed to exercise due care and diligence in understanding and satisfying the insurance needs and requirements of client, in breach of the Insurance Authority's Minimum Requirement (IV)(b)(a); failed to place client’s interests above all other considerations in providing advice to, or arranging a contract of insurance, in breach of the Insurance Authority's Minimum Requirement (IV)(c)(a) and failed to conduct her business with utmost good faith and integrity, in breach of the Insurance Authority's Minimum Requirement (IV)(a)(d). She was prohibited from being registered as a director or shareholder of, or associated in any manner with, or registered as a Chief Executive or Technical Representative in respect of any Member of the CIB for a period of 5 years. 19/04/2016 - 19/04/2016 003562 MANKTELOW Peter David As Chief Executive, he failed to provide information to the CIB in breach of Regulation 3.6. He was reprimanded. 11/04/2016 - 11/04/2016 003725 SZE Chun Wai 施俊威 The conduct of the Technical Representative contravened Principles (a) and (b) of the CIB Code of Conduct requiring that "Members shall at all times conduct their business with utmost good faith and integrity” and “Members shall do everything possible to satisfy the insurance requirements of their clients and shall place the interests of those clients before all other considerations”. He contravened Membership Regulations 4.1, 10.1.5 and 10.2 in that he is not a fit and proper person to remain registered with the CIB as a technical representative of a member. SZE Chun Wai be prohibited from employment in the insurance broking industry in Hong Kong for life. 24/02/2016 - 24/02/2016 005977 LO Wai Chi 盧慧姿 She had been late to deliver life insurance policy document to the client, as the policy was issued on 30 April 2009 but it was not received by the client until 5 June 2009 which was 17 days after the expiry of the cooling off period, that contrary to Membership Regulation 14.7.8 which requires that Technical Representative shall deliver any new long term insurance policy issued by the insurer to the client without delay. She was fined at HK$6,000. 11/02/2016 - 10/02/2021 002527 CHOW Alfred Wing Hon 周永漢 CHOW Alfred Wing Hon is prohibited from being a director or shareholder of, or associated in any manner with, or registered as a Chief Executive or Technical Representative in respect of any member of the CIB for a period of not less than 5 years. 01/02/2016 - 01/02/2016 010005 CHAN Hing Yu 陳慶瑜 CHAN Hing Yu knowingly made a false declaration in an Application Form for TR Registration (Year 2014) dated 8 August 2014, contrary to Principle (a) of the CIB Code of Conduct. He was fined at HK$10,000. 22/01/2016 - 22/01/2016 011833 PARFITT Simon Martin He as the Chief Executive failed to set up appropriate procedures to ensure compliance with Regulations, contrary to CIB Membership Regulation 3.2. He was fined at HK$50,000. 18/01/2016 - 17/01/2019 001838 ADAMS-PAPE Robert Michael ADAMS-PAPE Robert Michael is prohibited from being a director or shareholder of, or associated in any manner with, or registered as a Chief Executive or Technical Representative in respect of, any member of the CIB for a period of 3 years. 18/01/2016 - 17/01/2018 010005 CHAN Hing Yu 陳慶瑜 CHAN Hing Yu is prohibited from being a director or shareholder of, or associated in any manner with, or registered as a Chief Executive or Technical Representative in respect of, any member of the CIB for a period of 2 years. 21/12/2015 - 21/12/2015 006765 LAM Siu Ming 林肇銘 He prepared himself erroneous illustrations of investment-linked assurance policies to two clients with inflated policy values, hence failed to conduct business in good faith and integrity and/or to act in the best interest of clients. With mitigation taken into account, he was fined HK$10,000. 17/12/2015 - 17/12/2015 003486 TONG Ye Fung 唐爾豐 TONG Ye Fung failed to conduct business with utmost good faith and integrity and/or to do everything possible to satisfy the insurance requirements of clients and to place the interests of those clients before all other considerations constituting breaches of principles of the CIB Code of Conduct. He was fined at HK$10,000. 02/12/2015 - 01/12/2030 000748 TAM Wai Leung 談偉良 Tam Wai Leung is prohibited from being a director or shareholder of, or associated in any manner with, or registered as a Chief Executive or Technical Representative in respect of, any member of the CIB for a period of 15 years. 02/12/2015 - 01/12/2016 000748 TAM Wai Leung 談偉良 Tam Wai Leung is prohibited from being a director or shareholder of, or associated in any manner with, or registered as a Chief Executive or Technical Representative in respect of any member of the CIB for a period of 1 year, the period of this prohibition is to run concurrently with the period of suspension already ordered in respect of case DC14/054. 02/12/2015 - 01/12/2016 000748 TAM Wai Leung 談偉良 Tam Wai Leung is prohibited from being a director or shareholder of, or associated in any manner with, or registered as a Chief Executive or Technical Representative in respect of, any member of the CIB for a period of 1 year. The period of this prohibition is to run concurrently with the period of suspension ordered in respect of cases DC14/054 and DC14/044. 02/12/2015 - 01/12/2016 000748 TAM Wai Leung 談偉良 Tam Wai Leung is prohibited from being a director or shareholder of, or assoicated in any manner with, or registered as a Chief Executive or Technical Representative in respect of, any member of hte CIB for a period of 1 year. The period of this prohibition is to run concurrently with the periods ordered in respect of cases DC14/054 and DC15/020. 02/12/2015 - 02/12/2015 009864 WONG Suk Ying 黃淑英 Ms. Wong Suk Ying breached Principle (a) of the CIB's Code of Conduct and Membership Regulations 4, 9.1.4 and 10.1.5 when she abetted another Technical Representative to sign a false declaration. A formal reprimand was issued. 07/10/2015 - 07/10/2015 001705 SMITH Derek Alexander Being a Director of the Member, he failed to ensure the Member to nominate a Chief Executive within 30 days hence breaching the CIB Membership Regulation 7.5. A fine of HK$10,000 was imposed. 07/10/2015 - 07/10/2015 001894 CAMERON Andrew James Being a Director of the Member, he failed to ensure the Member to nominate a Chief Executive within 30 days hence breaching the CIB Membership Regulation 7.5. A fine of HK$10,000 was imposed. 29/09/2015 - 28/09/2020 001800 BIBBY Graham Frank 貝淦恆 In his capacity as the Director and Controller of Richmond Asset Management Limited, he failed to ensure the company's due compliance with Membership Regulations 13.1, 2.6, 3.6, 7,5 and 5.4.1, and he himself also failed to cooperate with the CIB. He was prohibited from being registered as a Chief Executive or Technical Representative in respect of any member of the CIB for a period of 5 years. 07/07/2015 - 07/07/2015 007271 CHIU Wai Fong Amy 趙慧芳 Given her responsibilities as the Chief Executive of AEGON Direct Marketing Services Insurance Broker (HK) Limited ("AEGON") that there has been breach by AEGON in relation to the use of personal data for direct marketing purposes without the target customers’ prescribed consent, Ms. Chiu is found to be in contravention of Regulations 9.2 and/or 10.2 of the CIB Membership Regulations which address the requirement of fitness and properness of a person who is registered as a Chief Executive, but only in relation to Ms. Chiu’s reliability and capability to comply with laws and regulations. A Letter of Reprimand was issued to Ms. Chiu and a fine of HK$10,000 was imposed. 30/06/2015 - 30/06/2015 010074 LEUNG Ho Yin 梁浩賢 LEUNG Ho Yin had been late to deliver life insurance policy document to the client, as the policy was issued on 6 October 2013 but it was not received by the client until 28 October 2013 (a Saturday) which was just two days before expiry of the cooling off period on 30 October 2013 (Monday), that contrary to our Membership Regulation 14.7.8 which requires that Technical Representative shall deliver any new long term insurance policy issued by the insurer to the client without delay. Mr. Leung was fined at HK$3,000. 17/06/2015 - 17/06/2015 000863 YIP Hing Mi Yvonne 葉慶美 Ms. YIP Hing Mi Yvonne failed to earn the required CPD Hours when applying for her registration renewal for 2015 which was in breach of Membership Regulation 10.1.7. YIP was fined at HK$1,000. 17/06/2015 - 17/06/2015 013863 CHEUNG Chi Yan 張之仁 Mr. CHEUNG CHi Yan failed to earn the required CPD Hours when applying for his registration renewal for 2015 which was in breach of Membership Regulation 10.1.7. CHEUNG was fined at HK$350. 26/05/2015 - 26/05/2015 006913 LEE Chi Tong 李致棠 Mr. Lee Chi Tong, together with another Technical Representative, advised the client in August 2012 to make premium payment of HK$900,000 in aggregate in the first two years of an investment-linked assurance policy (“First Policy”), where it was known to him and another Technical Representative that the said policy had a premium payment term of 23 years and the total funds from the income stream and the wealth of the client would not be adequate to allow the client to afford full payment for the full term of the policy; Mr. Lee and another Technical Representative advised the client to cease making contributions to his other existing long term insurance policies in order to take out in October 2012 another investment-linked long term insurance policy (“Second Policy”), ignoring the fact that the client was still liable to pay charges to those policies after he ceased making contribution and failing to advise the client of the financial loss of surrendering a policy; Mr Lee and another Technical Representative advised the client to his disadvantage, to suspend premium payments to the client's various investment-linked long term insurance policies when the client would still be liable to pay all the charges for the remaining term of these policies; Mr. Lee and another Technical Representative advised the client to surrender the one of the existing investment linked insurance policies to make available funds to pay into the First Policy and that Mr. Lee's change in reply to the Confederation's enquiry in July 2013 was a deliberate attempt to cover his wrongdoing and disregard; and Mr. Lee and another Technical Representative were late in delivering the Second Policy to the client and therefore depriving the client of the chance to exercise his cooling-off right. Mr. Lee was imposed a fine of HK$10,000. 26/05/2015 - 26/05/2015 007387 WOODWARD Mark Lee Mark Lee WOODWARD, as the then registered Chief Executive of Acuma Hong Kong Limited (formerly known as GWM (Hong Kong) Ltd) at the material point of time, had failed to duly deposit or transfer company monies from its bank account, resulting in client monies kept in the Client Account being debited by the bank to settle the charges. Mr. WOODWARD was imposed a fine of HK$25,000 26/05/2015 - 26/05/2015 007553 CHAN Suen Yee Smitty 陳鏇而 Chan Suen Yee Smitty, as the Chief Executive of GET Wealth Management Limited at the relevant times, had failed to have sufficient resources and appropriate procedures in place to ensure that Technical Representatives provided advice to the client with due care and diligence; to recognise and draw to the client's attention the issue of whether it was affordable or suitable for him to purchase investment-linked assurance policies; and to put in place appropriate procedures to vet the client's applications. Chan Suen Yee Smitty was imposed a fine of HK$10,000. 26/05/2015 - 26/05/2015 012096 TONG Wing Yan 唐詠恩 Ms. Tong Wing Yan, together with another Technical Representative, advised the client in August 2012 to make premium payments of HK$900,000 in aggregate in the first two years of an investment-linked assurance policy (“First Policy”), where it was known to her and another Technical Representative that the said policy had a premium payment term of 23 years and the total funds from the income stream and the wealth of the client would not be adequate to allow the client to afford full payment for the full term of the policy. Ms. Tong and another Technical Representative advised the client to cease making contributions to his other existing long term insurance policies in order to take out in October 2012 another investment-linked long term insurance policy (“Second Policy”), ignoring the fact that the client was still liable to pay charges to those policies after he ceased making contribution and failing to advise the client of the financial loss of surrendering a policy. Ms Tong and another Technical Representative advised the client to his disadvantage, to suspend premium payments to his various investment-linked long term insurance policies when he would still be liable to pay all the charges for the remaining term of these policies. Ms. Tong and another Technical Representative advised the client to surrender one of the existing investment linked insurance policies to make available funds to pay into the First Policy. Ms. Tong and another Technical Representative were late in delivering the Second Policy to the client and therefore depriving the client of the chance to exercise his cooling-off right. Ms. Tong was imposed a fine of HK$10,000. 22/04/2015 - 22/04/2015 001121 WONG Suk Yi 王淑儀 Ms Wong Suk Yi failed to disclose her bankruptcy and her Insurance Agents Registration Board (“IARB”) disciplinary sanction when she then applied for the Technical Representative registration with the Confederation. The Disciplinary Committee ordered that a letter of reprimand be issued against Ms. Wong. 22/04/2015 - 22/04/2015 002549 CHIM Yau Man 詹幼文 Ms. Chim Yau Man failed to conduct her business with integrity of using forged address proof of a client in an application for life insurance, contrary to principle (a) of the Code of Conduct of The Hong Kong Confederation of Insurance Brokers. This also affects the fit and proper status of Ms. Chim as per CIB Membership Regulation 4.1.1 (her character and reputation) and 4.1.2 (her integrity and reliability).Ms. Chim is prohibited from being a Technical Representative of a Member of the Confederation for her life time, effective from 22 April 2015. 22/04/2015 - 22/04/2015 007655 TONG Wai Fung 唐懷豐 Mr Tong Wai Fung misrepresented to the policyholder that an administration fee of 0.33% would be charged on the policy for the duration of 18 months only, where in fact it would apply for the whole policy term of 25 years.This is in breach of principles (a) and (b) of the CIB Code of Conduct. The Committee ordered that a fine of HK$25,000 be imposed on Mr. Tong. 13/04/2015 - 13/04/2015 001850 BEALE Christopher John Failure to advise the clients to serve formal instruction to the trustee in withholding the redemption instruction of an insurance policy when having been given specifically that instructions, but to rely on the trustee having been copied in the email correspondence. A warning letter was issued. 25/02/2015 - 24/02/2020 002035 BOYD-GREY Ian Andrew The Committee found that Mr. BOYD-GREY Ian Andrew (“Mr. Boyd-Grey”) had initially advised the client that the Establishment Fee of the policy in dispute would be 1.75%. The Committee was of the view that such advice may have been a matter of negligence or deliberate misrepresentation but when it became clear beyond doubt that the Establishment Fee was 2.5%, Mr. Boyd-Grey had a clear obligation to inform the client of that in order for him to decide whether to proceed with the product at that stage. In not informing him of the correct charges, Mr. Boyd-Grey was putting his own interests and those of MLI Limited, given that he was its alter ego, above the interests of the client. To that extent, the Committee reached the conclusion that both Mr. Boyd-Grey and MLI Limited failed to conduct their business with utmost good faith and integrity. With regards to the penalty, the Disciplinary Committee directed that Mr. Boyd-Grey be prohibited from being a director or shareholder of, or associated in any manner with, or registered as a Chief Executive or Technical Representative in respect of, any Member of the CIB for a period of five years. The Disciplinary Committee also further direct that no Broker of which Mr. Boyd-Grey is a director or shareholder or with which Mr. Boyd-Grey is associated in any manner shall be admitted to membership of the CIB for five years. They take effect as on 25 February 2015. 25/02/2015 - 25/02/2015 010446 LAM Sau Ting Linda 林秀婷 The Disciplinary Committee found that she breached Principle (a) of the CIB’s Code of Conduct and Membership Regulation 14.7.1 when she signed the declaration of an insurance application form without having met the client thereby making a false declaration. The Committee decided to serve a formal reprimand. 25/02/2015 - 25/02/2015 011832 TONG Mei Yan 湯美欣 The Committee found that she failed to comply with the Continuing Professional Development (“CPD”) Programme in the year of 2012 when she applied for renewal of registration for year 2013. The Disciplinary Committee decided to issue a warning letter to Ms. Tong. 16/01/2015 - 16/01/2015 006913 LEE Chi Tong 李致棠 Lee failed to report to the broker company, hence the insurer, of an alleged incorrect information of the Origin of Wealth of a client as disclosed in the insurer’s application form and also failed to rectify his declaration made in the insurer's application form about the correctness of the information provided therein when it was alleged that he subsequently knew of the incorrectness of that piece of information. A letter of reprimand was issued. 24/12/2014 - 24/12/2014 005732 LUK Ho On 陸可安 Mr. Luk failed to submit in a timely manner the application of the client to designate the beneficiary of his insurance policy to the broking firm, hence to the insurer, and he also intentionally put a false date on application form signed by the client, hence in breach of both principles (a) and (b) of the CIB Code of Conduct. He was imposed a fine in the sum of HK$50,000 19/12/2014 - 19/12/2014 011856 DICKINSON Sheila Failure in complying with the CPD requirement fo the year 2013 with a deficiency of 3.5 CPD Hours, fined $1,750. 10/12/2014 - 10/12/2014 014147 BAKSHI Neel 巴斯尼爾 Failure to be registered as TR before advising policy holder on insurance matter, hence in breach of MR 7.6. Fined: $5000 28/11/2014 - 28/11/2014 010886 HAWRANKE Peter Mr. HAWRANKE Peter failed to conduct business with utmost good faith and integrity and that he was not a fit and proper person in terms of his character, integrity and reliability. He is prohibited from applying for registration as either a Chief Executive or Technical Representative for his life time. 24/11/2014 - 24/11/2014 001462 STORFER Ira Gary Failure to ensure RS Insurance Brokers Limited submit Auditor's Financial Statement and Auditor's Compliance Report when due, Mr. Storfer's name is removed from the sub-register and that he be prohibited from being a director or shareholder of, or associated in any manner with, or registered as a Chief Executive or Technical Representtive in respect of, any company which is a member of the Confederation for a period of not less than 2 years. 22/10/2014 - 22/10/2014 010268 CHAN Ho Yan Twinkie 陳可欣 She misrepresented to a client that she did not receive any commission arising from the policy sold when in fact she received the sum of HK$813.60. The Disciplinary Committee considered all of the documentary evidence and, in particular her mitigation letter, the Disciplinary Committee directed that a letter be sent to her to acknowledge her admission of the breach set out in the Complaint. She is further reminded of the need to disclose this disciplinary case to the relevant regulatory bodies in the future in the event that she wishes to re-apply for registration and admission to the profession. 10/09/2014 - 10/09/2014 013519 LITTLEJOHN Ken Iain Mcfarlane Ken Iain McFarlane Littlejohn engeged himself in activity of a Technical Representative without being registered as such. Fined HK$5,000.