The Securities & Futures Commission has reprimanded Kaiser Securities' Fanny Ng and fined her $75,000 for failing to verify whether share purchase orders came from her clients.

Ng is licensed under the Securities & Futures Ordinance to conduct Type 1 (dealing in securities) regulated activity.

The commission's probe found she failed to take reasonable steps to verify certain orders to purchase shares of a newly listed company had come from her clients. The probe also found a third party had given the orders without those clients' authorisation.