KUALA LUMPUR: The Federation of Investment Managers Malaysia (FIMM) has issued public reprimands against six former unit trust scheme (UTS) and private retirement acheme (PRS) consultants for submitting falsified academic certificates in their registration applications.
FIMM said the disciplinary committee’s decision was imposed after factoring in the various mitigating and aggravating factors applicable to the respective cases.
Those sanctioned are Roster Anak Maringai, formerly with Public Mutual Bhd; Vijayendran Vengho, formerly with RHB Asset Management Sdn Bhd; Goh Yen Chew and Tan Shi Yuin, formerly with AHAM Asset Management Bhd; as well as Dian Ayu Lestari Rusdi and Siti Amira Juattin, both formerly with Kenanga Investors Bhd.
"These public reprimands are imposed to send a strong message that FIMM will take action against those who fail to comply with any rules issued by FIMM. This is to deter UTS and PRS consultants from committing any misconduct and to remind them that it is crucial to observe FIMM’s rules when marketing and distributing UTS and PRS in Malaysia to protect the interests of the investing public,” it said in a statement. - Bernama
