Regulatory Alerts2026-04-10
ASIC permanently bans Yanhua Chen from the financial services industry
The Australian Securities and Investments Commission permanently banned Yanhua Chen from providing financial services and controlling financial entities due to his unfitness to operate in the industry. ASIC determined that Chen lacked the necessary judgment and character after he misappropriated $490,000 from a client to fund his own trading losses. His conduct, which included deceiving the client about the loss of funds, resulted in his placement on ASIC's Banned and disqualified register.
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