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.
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