Regulatory Settlements in 2009

Regulatory Settlement in 2009

In July 2009, the Securities Commission (SC) completed its efforts to restitute 13 investors who traded in the shares of Malaysian Oxygen Berhad (MOX). The restitution was made possible following an early settlement with Tan Sri Dato’ Chua Ma Yu when he agreed, without admission of liability to make a payment in the sum of RM 1,213,084.14 which constituted a disgorgement of twice the profits arising from alleged irregularities in his trading of MOX shares between 16 February 2007 and 22 February 2007. This outcome of restituting aggrieved investors was achieved as a result of a letter of demand issued by the SC against Tan Sri Dato’ Chua Ma Yu in February 2009.
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