Administrative Actions in 2005

No	Nature of Offence	Offender(s)	Facts of Case	Action taken
WARNINGS ISSUED
1.	Submission of a statement to the SC containing a material omission	W Ismail W Nik Lim Poh Teot	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.
2.	Dealing in securities and without a licence	(Alex) Chua Wei Cheing Uwe Poenisch (German National) (Grace) Lee Yeat Kang (Esther) Ting Thien Ngiik Kwah Shu Leim	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.

No record found.