SC revokes remisier’s licence over improper activities


Datuk Kamarudin Meranun has entered into a settlement with the Securities Commission for RM3.64mil over the purchase of 5.55 million Malaysia Airlines Bhd (MAS) shares between Aug 1, 2011 and Aug 5, 2011.

KUALA LUMPUR: The Securities Commission (SC) has revoked the Capital Market Services representative’s licence (CMSRL) of Khoo Chee Leong, with effect from Aug 28.

The SC said on Wednesday Khoo was formerly attached to Kenanga Investment Bank Bhd as a CMSRL holder for dealing in securities.

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