CLSA dealer’s representative reprimanded

PETALING JAYA: Bursa Securities has publicly reprimanded Mohamed Kamal Mohd Ridzam Deva, a salaried dealer’s representative with CLSA Securities Malaysia Sdn Bhd for violating rules that led to a sharp increase of the closing price of Kuala Lumpur Kepong Bhd (KLK) on Oct 5 last year.

The stock exchange regulator said in a media release that Mohd Kamal failed to monitor closely a buy market order for 150,000 KLK shares that was entered that resulted in the stock rising to close at RM17 per share, a jump of RM3.30 or almost 25%.