Hong Kong’s SFC bans ex-China Merchants
Is Forex Trading Halal explained by professional Forex trading experts the “ForexSQ” FX trading team.
Is Forex Trading Halal or Haram?
The Securities and Futures Commission (SFC) of Hong Kong today announces that it has temporarily banned from the industry Mr Jia Zhen over violations of the SFC’s Code of Conduct.
He is banned from re-entering the securities and futures industry for 10 months – from February 20, 2016 to December 19, 2016.
Mr Jia Zhen is a former account executive of China Merchants Securities (HK) Co., Limited (CMSHK), subsidiary of China Merchants Securities CO., LTD. (SHA:600999).
The regulatory decision comes after findings that from February 2010 to June 2011, Mr Jia Zhen entered into a private arrangement with a CMSHK client and effected transactions in the client’s account on a discretionary basis without getting the client’s authorization in written form.
Is Forex Trading Halal or Haram Conclusion
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