Kuala Lumpur, 15 May 2017
SC Revokes Licences of Three Individuals

Securities Commission Malaysia (SC) has revoked the Capital Markets Services Representative’s Licences (CMSRLs) of three individuals, namely Norhashmilaidi bin Hashim (Norhashmilaidi), Ngan Piang Heng @ Ngam Siong Fook (Ngan) and Abd Malik bin Abu Bakar (Malik). All three CMSRLs were revoked under section 72 read together with section 65 of the Capital Markets and Services Act 2007 (CMSA), effective 27 March 2017 for Norhashmilaidi and Ngan, and 18 April 2017 for Malik.

Norhashmilaidi, Ngan and Malik were formerly attached with Affin Hwang Investment Bank Berhad, AmInvestment Bank Berhad and Malacca Securities Sdn Bhd respectively.

The CMSRLs of all three individuals were revoked when they were found to be undischarged bankrupts.

Norhashmilaidi, Ngan and Malik have not filed any appeal against SC’s decision within the prescribed time as provided under the CMSA.