Rat traders suspended

The Securities & Futures Commission has suspended the registrations of two more dealer's representatives for rat trading.

Yesterday it said it had suspended Chau Sai-kwan for six months from May 27, after an investigation into the period between October 1993 and March 1994 when he worked as a floor trader at Solid King Securities.Mr Chau was found to have made an $8,000 profit through the unauthorised use of a client's account at Stephil Securities Company.

Another dealer's representative, Tang Yuk-lung, had his registration suspended for three months from the same date for rat trading during October 1993 and February 1994. Mr Tang was found to have made a profit of $8,000 through the use of an account at Stephil.