Bursa raps and fines dealer’s representative

KUALA LUMPUR: Bursa Malaysia Securities Bhd has publicly reprimanded, imposed a fine of RM360,000 and ordered to strike off Oh Kok Boon for engaging in manipulative dealing activities in the securities of six counters.

In a statement yesterday, the stock market operator alleged Oh was at the material time of the breach a commissioned dealer’s representative (CDR) of TA Securities Holdings Bhd at its principal office, had contravened and/or triggered the provisions of Rules 401.1(3), 404.3(1) and 1302.1(1)(a) & (g) of the Pre-Revamped Rules of Bursa Malaysia Securities.