Zhonghan Wu

Member’s name: Zhonghan Wu
Date of Hearing: 9 March 2022
Division: New South Wales
Tribunal: Disciplinary Tribunal 

On 9 March 2022 the Disciplinary Tribunal found the Member breached the 14 May 2019 Constitution:

1. Article 39(a)(ii)(G) in having “pleaded guilty to, or have been found guilty of (with or without conviction), any offence (criminal or otherwise, but excluding any offence relating to traffic infringement ) before any Court in any jurisdiction (which, in the case of a finding or conviction has not been overturned on appeal) which in the reasonable opinion of the Board is likely to materially adversely reflect upon or affect the standing or reputation of the Company” in relation to pleas of guilty to two charges of dishonestly obtaining a financial advantage by deception before the District Court of New South Wales.
2. Article 39(a)(ii)(G) in having “pleaded guilty to, or have been found guilty of (with or without conviction), any offence (criminal or otherwise, but excluding any offence relating to traffic infringement ) before any Court in any jurisdiction (which, in the case of a finding or conviction has not been overturned on appeal) which in the reasonable opinion of the Board is likely to materially adversely reflect upon or affect the standing or reputation of the Company” in relation to pleas of guilty to a plea of guilty to one charge of market manipulation before the District Court of New South Wales.

Mr Wu attended the Disciplinary Tribunal Hearing, and he admitted the Complaints.

Penalty and Costs:

The Disciplinary Tribunal found the Complaints sustained and imposed the following penalties:

Complaint 1:

• forfeiture of membership.
• not eligible for readmission for 3 years.

Complaint 2:

• forfeiture of membership.
• not eligible for readmission for 5 years.

The periods of forfeiture under Complaints 1 and 2 are to be served concurrently.

The Member was ordered to contribute to CPA Australia’s costs the amount of $2,560.54.