1.

Carrying on a futures broking business without a licence

Tai Swee Keong (Richard)

Tai held himself out as carrying on a futures broking business through Tandum Commerce Sales & Services (M) Sdn Bhd without a licence.

SC compounded the offence committed by Tai for RM250,000.

Carrying on a futures advice business without a licence

Tai carried on a futures advice business through Tandum Commerce Sales & Services (M) Sdn Bhd without a licence.

SC compounded the offence committed by Tai for RM250,000.

Causing the issuance of a prospectus from which there was a material omission by a Director

Shabaruddin Ibrahim

Shabaruddin, President, CEO and Executive Director of Enegro Bhd caused the issuance of its prospectus from which there was a material omission.The omission related to the information of the termination of the Sales Concession Agreement by Fiat Auto SpA, i.e. the sole business of Energo Bhd.

SC compounded the offence committed by Shabaruddin for RM200,000.

Giving misleading information to the SC in connection with proposal submitted pursuant to section 32 of the Securities Commission Act 1993

Low Bok Tek

Both Lows, who were directors of Taiping Super Bhd (TSB), had submitted misleading information to the SC in relation to the allocation of TSB shares to its employees pursuant to TSB’s flotation exercise.
Both Low Bok Tek and Low Hup Seng were jointly compounded for the said offence.

SC compounded the offence committed by Low Bok Tek for RM150,000.

Low Hup Seng

SC compounded the offence committed by Low Hup Seng for RM150,000.

Failure to advise the SC that the statement submitted to the SC was materially incomplete

Yeo Eck Liong

Yeo, the managing director of Yeo Aik Resources Bhd (Yeo Aik), failed to inform the SC of the change in the beneficial ownership of Yeo Aik’s Bumiputera shareholding prior to its listing on the Second Board of the KLSE. The Bumiputera portion of Yeo Aik shares, which was initially allocated to Megat Zabidi, was transferred from Megat Zabidi to Yeo prior to the listing of Yeo Aik.

SC compounded the offence committed by Yeo for RM100,000.

Megat Zabidi Megat Husain

SC compounded the offence committed by Megat for RM50,000.

Person who opened CDS accounts using different names and identity cards to facilitate multiple IPO share applications

Wong Wing Tat

Wong had used identities of third parties to open numerous CDS accounts when in fact he was the beneficial owner. The accounts were opened to facilitate his multiple IPO share applications.

SC compounded the offence committed by Wong for RM106,000.

Carrying on futures broking business without a licence

Lye Ek Seang

Lye carried on a futures broking business through a company called Ambang Pintar Sdn Bhd without a licence

SC compounded the offence committed by Lye for RM500,000.
As a result of the compound the charges against Lye were withdrawn.

Carrying on futures advice business without a licence

Lye carried on a futures advisory business through a company called Ambang Pintar Sdn Bhd without a licence

Securities not deposited in the name of the beneficial owner

Low Lai Peng

Low Lai Peng was not the beneficial owner of the Halim Mazmin Bhd shares held in her CDS account at OSK Securities Bhd.
Low Lai Peng’s remisier, Low Peng Wai was aware of this fact and abetted Low Lai Peng in committing the offence.

SC compounded the offence committed by Low Lai Peng for RM300,000.