SC says will not hesitate to take criminal action against 'bad actors' in capital markets

KUALA LUMPUR: The Securities Commission Malaysia (SC) says it will not tolerate any non-compliance by capital market players and will not hesitate to take criminal action against those involved in fraudulent activities.

Its chairman Datuk Seri Dr Awang Adek Hussin said the SC will "enforce stronger supervisory actions against intermediaries lacking proper internal controls, indirectly allowing fraudulent activities to compromise the integrity of capital market.”