No. |
Nature of Misconduct |
Parties Involved |
Brief description of misconduct |
Action Taken |
Date of Action |
---|---|---|---|---|---|
1. | (i) Breach of Section 354(1)(b)(ii) of the Capital Markets and Services Act 2007 (“CMSA”) read together with:
(ii) Breach of Section 354(1)(b)(i) of the CMSA read together with Rule 5.16 of the Rules of Bursa Malaysia Securities Berhad (“Rules”) read together with Paragraph 11.3 of the Directives on Conduct of Business No. 5-001 issued by Bursa Malaysia Securities Berhad (“Directives”); and (iii) Breach of Section 354(1)(a) of the CMSA read together with Section 25(4) and 29A of the Securities Industry (Central Depositories) Act 1991 (“SICDA”). |
Abdul Radzim bin Abdul Rahman (“Radzim”) |
|
(a) Reprimand; and (b) Penalty of RM2,600,845.38. |
25 September 2023 On 13 October 2023 and 15 November 2023, Radzim had applied to the SC for a review of its own decision to sanction Radzim. The review application was dismissed by the SC on 4 April 2024. |
2. | Breach of Section 354(1)(a) of the Capital Markets and Services Act 2007 (“CMSA”) read together with Section 25(4) and 29A of the Securities Industry (Central Depositories) Act 1991 (“SICDA”). | Nor Ashikin binti Khamis |
|
|
25 September 2023 On 13 October 2023 and 15 November 2023, Nor Ashikin had applied to the SC for a review of its own decision to sanction Nor Ashikin The review application was dismissed by the SC on 4 April 2024. |
3. | Breach of Section 71 of the Capital Markets and Services Act 2007 ("CMSA") read together with Section 354(1)(a) of the CMSA for:
|
Lim Chee Kuang ("LCK") a holder of a CMSRL carrying out the regulated activity of financial planning with UOB Kay Hian Wealth Advisors (M) Sdn Bhd. | LCK had falsely stated/ declared in his CMSRL application to the SC that he had not been subjected to any form of disciplinary proceedings or actions by any professional or regulatory body or employer, and that all the information provided in the CMSRL application are true and correct. However, it was found that LCK had in fact been subjected to disciplinary proceedings or action by his former employer which had resulted in his termination. |
|
7 March 2024 |
4. | Two (2) breaches of Paragraph 4.17, Section B, Part 1 of the Guidelines on Unlisted Capital Market Products under the Lodge and Launch Framework read together with Section 356(1)(a) of the Capital Markets and Services Act 2007 | ATM Capital Management Sdn Bhd (“ATM”) | Delay in the submission of the monthly statistical returns for two (2) wholesale funds with a delay of two (2) business days to the SC. |
|
15 February 2024 |
5. | Breach of Paragraph 4.17 and Paragraph 4.18(e) Section B, Part 1 of the LOLA Guidelines | JIA Asset Management Sdn Bhd |
Delay of four (4) business days in the submission of the monthly statistical returns for its wholesale fund known as JIA AM Durian Growth Opportunities Fund to the SC. |
Penalty of RM4,000.00 |
22 February 2024 |
6. | Breach of Paragraphs 4.05 and 4.06, Section B, Part 2 of the Guidelines on Unlisted Capital Market Products under the Lodge and Launch Framework read together with Section 354(1)(b)(ii) of the Capital Markets and Services Act 2007. | OCBC Bank (Malaysia) Berhad | Delay of one (1) business day in the submission of the monthly post-issuance report for its structured product programme. | Penalty of RM1,000.00 | 23 January 2024 |
7. | Breach of Paragraph 4.05 and 4.06, Section B, Part 2 of the Guidelines on Unlisted Capital Market Products under the Lodge and Launch Framework read together with Section 354(1)(b)(ii) of the Capital Markets and Services Act 2007 | Public Bank Berhad | Delay of two (2) business days in the submission of the monthly post-issuance report for their structured product programme. | Penalty of RM2,000.00 | 23 January 2024 |
8. | Breach of Paragraph 4.17, Section B, Part 1 of the Guidelines on Unlisted Capital Market Products under the Lodge and Launch Framework read together with Section 356(1)(a) of the Capital Markets and Services Act 2007 |
Muamalat Invest Sdn. Bhd. |
Delay of four (4) business days in the submission of the monthly statistical returns of six (6) wholesale funds to the SC. |
Penalty of RM24,000. |
12 January 2024 |