1.

Trading in futures contract without a licence

Tan Chee See

Tan traded in futures contracts on another person’s behalf through Southlink Sdn Bhd without a licence.

SC compounded the offence committed by Tan for RM170,000.

Carrying on a futures broking business without a licence

Loi Kum Peng

Loi, abetted Prudent Trend Sdn Bhd (PTSB) in carrying on a futures broking business, where the directors or employees accredited to PTSB were unlicensed.

SC compounded the offence committed by Loi for RM80,000.

Failure to comply with a condition of dealer’s licence

Kuala Lumpur City Securities Sdn Bhd (KLCS)

KLCS failed to comply with a condition of its dealer’s licence when it allowed an individual, Kamarul Bahrain Md Yusof, and three companies, Melor Permata Capital Management Sdn Bhd, Sterling Edge Sdn Bhd and Vintage Ventures Sdn Bhd to act as its dealer’s representative without a licence.

SC compounded the offence committed by KLCS for RM500,000.

Acting as dealer’s representative without licence

Kamarul Bahrain Md Yusof

Kamarul acted as a dealer’s representative of Kuala Lumpur City Securities Sdn Bhd (KLCS) without a licence, when he dealt in securities by –
(a) introducing bond buyers and/or bond sellers; and
(b) inducing KLCS to enter into an agreement with a view to subscribe and/or dispose of bonds without a licence.

SC compounded the offence committed by Kamarul for RM500,000 for the offence.

Melor Permata Capital Management Sdn Bhd

Melor Permata acted as dealer’s representative of Kuala Lumpur City Securities Sdn Bhd (KLCS) without a licence through its Director, Mohamad Azan Sulaiman, who had dealt in securities by –
(a) introducing bond buyers and/or bond sellers; and
(b) inducing KLCS to enter into an agreement with a view to subscribe and/or dispose of bonds without a licence.

SC compounded the offence committed by Melor Permata for RM500,000.

Vintage Ventures Sdn Bhd

Vintage Ventures acted as dealer’s representative of Kuala Lumpur City Securities Sdn Bhd (KLCS) without a licence through one Wan Aminuddin Aminin Wan Sulaiman, who had dealt in securities by –
(a) introducing bond buyers and/or bond sellers; and
(b) inducing KLCS to enter into an agreement with a view to subscribe and/or dispose of bonds without a licence.

SC compounded the offence committed by Vintage Ventures for RM500,000.

Sterling Edge Sdn Bhd

Sterling Edge acted as dealer’s representative of Kuala Lumpur City Securities Sdn Bhd (KLCS) without a licence through one Jeffri Muhammad Yusop, who had dealt in securities by –
(a) introducing bond buyers and/or bond sellers; and
(b) inducing KLCS to enter into an agreement with a view to subscribe and/or dispose of bonds without a licence.

SC compounded the offence committed by Sterling Edge for RM500,000.

Acting as investment adviser without licence

Tai Nan Holdings (M) Sdn Bhd

Tai Nan acted as an investment adviser without a licence when it advised Kuala Lumpur City Securities Sdn Bhd on fixed income securities without a licence.

SC compounded the offence committed by Tai Nan for RM300,000.

Authorising false information to be submitted to the KLSE with regard to dealings in securities

Mohd Kamal Mohd Eusuff

Mohd Kamal, the former Managing Director of Zaitun Bhd (Zaitun), authorised false information to be submitted to the KLSE with regards to dealings in securities.The false information relates to an announcement that none of the directors or substantial shareholders of Zaitun has any interest, direct or indirect interest in the proposed acquisition of Hai Ming Bhd and Grand Central Enterprise Bhd shares, when in fact Mohd Kamal had an interest in the acquisition directly or indirectly through persons related to him.

SC compounded the offence committed by Mohd Kamal for RM450,000.