The Securities and Futures Commission (SFC) has suspended Mr Wong Ming Chung, a finfluencer known as Franky Wong.
Wong, who is a licensed representative of Tse’s Securities Limited (TSL), is suspended for 16 months from 19 March 2025 to 18 July 2026 following his criminal conviction for providing investment advice on a subscription-based chat group on Telegram he hosted without a licence.
Although Wong was an SFC-licensed representative at the material time, he could only act for the firm (ie, TSL) to which he was accredited in carrying on business in regulated activities. However, he operated the Telegram chat group in his personal capacity between 2 January 2018 and 21 May 2019.
In the circumstances, the SFC considers that Wong is not a fit and proper person to remain licensed to carry on regulated activities due to his criminal conviction.
In deciding the sanction against Wong, the SFC has taken into account all relevant circumstances, including his cooperation in resolving the SFC’s concerns.
