Securities Firm Staffer Arrested Over Alleged Misuse Of HK$150 Million

A woman director at a securities firm in Central's Worldwide House reported that a male employee allegedly used company funds without authorization to trade stocks, causing losses of up to HK$150 million, and police arrested the man on suspicion of theft the same day. Tencent News, citing sources, reported that the employee allegedly used HK$50 million of company money without permission as margin, obtained financing through the relevant institution and bought the Southern Double Long 2x Hynix ETF (7709).