KUALA LUMPUR: Bursa Malaysia Securities Bhd has reprimanded, impose a fine of RM52,000 and suspended Mohan Arimuthu for 10 weeks as a registered person, including from trading on or through the stock market of Bursa Malaysia as a dealer’s representative (DR).
He had been convicted for engaging in false trading activities involving the securities of AHB Holdings Bhd
, BIMB Holdings Bhd, Eden Inc. Bhd and Damansara Realthy Bhd, the bourse said in a statement.
Mohan was also required to undergo training on the conduct or professionalism of DRs and market offences.
He was at the material time of the breach a proprietary day trader of CIMB Investment Bank Bhd at its principal office, and had contravened and/or triggered the provisions of Rules 3.14(d) of the Rules of Bursa Malaysia Securities. - Bernama
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