Charles, a former vice-president of Debt Markets at Hong Leong Investment Bank, pleaded guilty to one charge under section 179(b) of the Capital Markets and Services Act 2007 (CMSA) for an offence that took place between 3 April and 24 May 2018. In sentencing Charles, Sessions Court Judge Kamarudin Kamsun had taken into consideration 16 other charges also under section 179(b) of the CMSA for deceiving other investors, as provided under section 171A of the Criminal Procedure Code. Charles had deceived investors out of approximately RM1.73 million by convincing them to invest in securities products purportedly offered by Hong Leong Investment Bank.

The SC urges investors to be cautious before parting with their monies or when considering investment opportunities. The SC Investor Alert List is continually updated to assist the public in identifying unauthorised/unlicensed platforms, companies or individuals.

Any inquiries can be sent to the SC’s Consumer and Investor Office at tel: 03-6204 8999 or e-mail: [email protected]