| Abstract | The Securities and Futures Commission ("SFC") announced that it has concluded an investigation of Mr Edward Wen Tai Hay. The investigation concerned the selling activities of four Malaysian clients of Anderson Wen & Co, on 19 and 20 January 1994. During these two days, Mr Wen sold 23,289,000 Universal Applicances Ltd. shares on behalf of these clients on a discretionary basis. In accepting the order Mr Wen failed to properly ascertain whether the four clients had sufficient scrip, if any, to settle the transaction. |
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