Lendingstar gets SC cease order


The Securities Commission (SC) said in a statement that it had won the insider trading case against Chan after the High Court ruled that the capital market regulator had successfully proven the case.

PETALING JAYA: The Securities Commission (SC) has directed Lendingstar Malaysia Sdn Bhd to cease all activities with immediate effect.

In a statement, SC said the directive was issued on July 23, 2018 after an inquiry found that Lendingstar was not registered to operate a recognised market and was providing auto invest facilities without licence or registration from the SC, as required under the securities law.

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