|Administrative Actions in 2005|
|Nature of Offence||Offender(s)||Facts of Case||Date|
|Submission of a statement to the SC containing a material omission||W Ismail W Nik||
W Ismail, a former director of Baswell Resources Bhd, was issued a warning for submitting a statutory declaration in respect of the listing of Baswell Resources Bhd (Baswell) on the Second Board of the Kuala Lumpur Stock Exchange in 2002 from which there was a material omission, i.e. omitted to state the Baswell shares held by him through Baswood Industries Sdn Bhd was in fact for Lim.
Lim, a person who played an active role in the advising the listing of Baswell, was also warned for causing the submission of the statutory declaration.
|Warning letters were issued on 18 July 2005.|
|Lim Poh Teot|
|Dealing in securities and without a licence||
Weldrick Consulting Services Sdn Bhd, now defunct, was found to have dealt in securities without a licence.
All five persons were issued warning letters for aiding and abetting activities carried out by Weldrick.
|Warning letters were issued on 21 June 2005.|
Note: All administrative actions taken by the Securities Commission are subject to the aggrieved person’s right to appeal to the Commission for a review of the decision under section 146 of the Securities Commission Act 1993 or section 364 of the Capital Markets & Services Act 2007 within 30 days of the decision at first instance.