Kuala Lumpur, 26 January 2016
SC Revokes Licence of Hon Sook Yin for manipulative securities dealing

The Securities Commission Malaysia (SC) has revoked the Capital Market Services Representative’s Licence (CMSRL) of Hon Sook Yin (“Hon”) effective from 18 December 2015.

Hon’s CMSRL was revoked under section 72 read together with section 65 of the Capital Market and Services Act 2007 (CMSA) when she was found to have engaged in improper business practices when trading in the shares of Notion VTec Berhad. Hon was formerly attached to Affin Hwang Investment Bank Berhad.

Hon has not filed any appeal against the SC’s decision within the prescribed time provided in the CMSA.