Administrative Actions in 2021

No.

Nature of Misconduct

Parties Involved

Brief description of misconduct

Action Taken

Date of Action

1.

Breach of 354(1)(a) of the Capital Markets and Services Act read together with  Section 25(4) of the Securities Industry (Central Depositories) Act 1991

Othman bin Bakri (“Othman”) Othman was found to be the beneficial owner of the deposited securities, namely Grand-Flo Berhad shares in the CDS account of Mohammed Noor bin Mohd Sham.
  • Reprimand;
  • Penalty of RM84,000.00.

16 February 2021

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