Ex-Citigroup stock trader wins unfair dismissal case in Hong Kong

Ex-Citigroup stock trader wins unfair dismissal case in Hong Kong

Citigroup was also sued by traders it fired in London and Tokyo before being fined by the SFC in 2022.

Ex-Citigroup Trader Wins Unfair Dismissal Case in Hong Kong

An Asia equity sales trader who was fired from Citigroup Inc. in 2019 won an employment suit against the US bank, Hong Kong’s Labour Tribunal ruled on Monday.

Former Citi Trader Wins Hong Kong Employment Case

A former trader from Citi has won an unfair dismissal case in Hong Kong related to her termination in 2019. Cindy Lui, a former vice president and equity sales trader at Citigroup, has won an unfair dismissal case against the US bank, according to a «Bloomberg» report citing legal proceedings. Lui was part of a team of Hong Kong-based traders who were fired more than five years ago for misrepresenting the nature of trading positions to a client.…

Ex-Citigroup Trader Triumphs in Hong Kong Unfair Dismissal Case Amid Bank’s Global Legal Battle and SFC Fine

Former Citigroup equity trader triumphs in wrongful termination lawsuit in Hong Kong Citigroup also faced lawsuits from traders they dismissed in London and Tokyo, prior to receiving a penalty from the SFC in 2022. A sales trader specializing in Asian equities, who was dismissed from Citigroup in 2019, emerged successful in an employment case against the American bank. This verdict was announced on Monday by the Labour Tribunal of Hong Kong. Cit…