PETALING JAYA: Bursa Malaysia has publicly reprimanded and imposed a RM500,000 fine on Melvin Yap Han Khoon and ordered him to be struck off as a trader for engaging in manipulative dealing activities in three securities.
The counters are Bright Packaging Industry Bhd
, Asia Media Group Bhd and Cybertowers Bhd.
The exchange alleged Yap, who at the material time of the alleged breach was a commissioned dealer representative of OSK Investment Bank Bhd at the Sri Petaling branch, had engaged in numerous manipulative and false dealing activities over a period of time in several clients’ accounts.
These activities included marking the close up and down, driving up the price and rollover activities, which created a misleading appearance of active trading in the three aforementioned stocks.
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