ASIC delivers permanent ban on Sydney financial services provider
Sydney-based Shun Yuen Ken Li (also known as Leo Lee) has been banned from providing financial services by the Australian Securities and Investments Commission (ASIC) after pleading guilty and being convicted of two counts of dishonesty.
Roseville Chase man Shun Yuen Ken Li was banned after using his position as an employee of GAIN Capital Australia to knowingly advantage two clients at profits of $20,150 and $52,400 respectively.
A permanent ban has been handed down to Li, who first pleaded guilty to manually entering 51 profitable Market-on-Open Orders in SPI CDFs on the account of an outside party in separate incidents between April and July 2015 last December.
Li was sentenced to a community service order of 350 hours.
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