The Securities Commission building in Kuala Lumpur
PETALING JAYA: The Court of Appeal has ruled in favour of the Securities Commission Malaysia (SC) and affirmed the High Court’s judgment, which found a former Executive Director of Patimas Computers Bhd liable for insider trading.
In a statement, the SC said the High Court had in 2022 found Datuk Ng Back Heang liable for insider trading under section 188(2)(a) of the Capital Markets and Services Act 2007 (CMSA).
