FIMM reprimands former consultant


FIMM

KUALA LUMPUR: The Federation Of Investment Managers Malaysia (FIMM) recently reprimanded a former Unit Trust Scheme (UTS) consultant for misconduct/breach of FIMM’s Code of Ethics and Rules of Professional Conduct (Unit Trust Funds), Second Edition dated Jan 22, 2013.

FIMM said in a statement today that the person was found to be in breach of Clauses 3.1.3(a) and 3.3.5 of FIMM’s Code which requires UTS consultants to act with honesty and prohibiting them from accepting cash or credit into their personal bank accounts from investors for purposes of investment in unit trust funds.

"This public reprimand is imposed to send a strong message that FIMM will take action against those who fail to comply with any rules issued by FIMM,” it said. - Bernama

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FIMM , UTS , Unit Trust Scheme , Code of Ethics

   

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