Securities Commission Malaysia (SC) has revoked the Capital Markets Services Representative’s Licences (CMSRLs) of Yew Hock Ming (Yew), Ling Chen Yew (Ling) and Tiong Siew Ngaik (Tiong) under section 72 read together with section 65 of the Capital Markets and Services Act 2007 (CMSA), effective 18 January 2017. Yew, Ling and Tiong were formerly attached…
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Securities Commission Malaysia (SC) announced the appointment of Alex Ooi Thiam Poh as Director of Audit Oversight Board (AOB), with effect from 18 January 2017. He is responsible for the operations of the AOB, working closely with the Executive Chairman, Dato’ Gumuri Hussain in promoting and developing an effective and robust audit oversight framework in…
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Securities Commission Malaysia (SC) has revoked the Capital Markets Services Representative’s Licence (CMSRL) of Ravindran Nair a/l Vasudevan Nair for the regulated activity of financial planning under section 72 read together with section 65 of the Capital Markets and Services Act 2007 (CMSA), effective 18 November 2016. Ravindran was formerly attached with Blueprint Planning Sdn…
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Securities Commission Malaysia (SC) has introduced six registered Peer-to-Peer (P2P) financing platform operators in Malaysia to widen funding avenues for small and medium enterprises (SMEs). The six registered operators are B2B FinPAL, Ethis Kapital, FundedByMe Malaysia, ManagePay Services, Modalku Ventures and Peoplender. They are expected to be fully operational in 2017. This makes Malaysia the…
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Securities Commission Malaysia (SC) has initiated a restitution process involving an illegal futures and equity trading scheme and calls upon members of the public to file their notice of claims before 5pm on 25 November 2016. The restitution process was initiated following administrative sanctions imposed against Kahar Mohd Tahir, who was found to have carried out…
Read moreSecurities Commission Malaysia (SC) has filed a civil suit at the Kuala Lumpur High Court against Dato’ Sreesanthan Eliathamby for insider trading involving the shares of Worldwide Holdings Bhd (Worldwide). In the claim filed on 12 October 2016, SC claimed that Dato’ Sreesanthan had breached section 89E(2)(a) of the Securities Industry Act 1983 (SIA), where…
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