SC charges husband and wife with insider trading

When contacted, Advancecon group chief executive officer Datuk Phum Ang Kia said it was unable to give a new date for the prospectus launch at this juncture, pending queries from the SC.

PETALING JAYA: A former head of equity at a local investment bank and his wife were charged by the Securities Commission (SC) with insider trading offences committed in 2006.

They were charged yesterday under section 89E(2)(a) of the Securities Industry Act 1983, SC said in statement.