KUALA LUMPUR: Bursa Malaysia Securities Bhd has publicly reprimanded and imposed a fine of RM27,600 on Kho Kian Lock, a former commissioned dealer's representative of Affin Hwang Investment Bank Bhd, for misconducts and breaches that include unauthorised trade and misuse of funds in the accounts of two clients.
The bourse operator has also ordered to strike off Kho from the register for the misconduct.
"Bursa Malaysia Securities views seriously misconducts that impinge on the professional conduct and integrity of Registered Persons and compromise clients’ protection as such misconducts may adversely affect and damage market integrity and public confidence.
"Bursa Malaysia Securities will not hesitate to take appropriate actions against anyone who engages/participates in such misconducts or fails to carry out their duties with utmost integrity, including striking off a Registered Person from the Register and imposing a fine that commensurate with the severity of the breach," it said in a statement.
