KUALA LUMPUR: Bursa Malaysia Securities Bhd has taken enforcement action against two dealer’s representatives for violating its rules and directives on conflicts of interest, and against one of them additionally for involvement in manipulative trading activities in several clients’ accounts.
They are Chih Yi May from Maybank Investment Bank Bhd (Maybank IB) and Kang Ai Na from Kenanga Investment Bank Bhd
(KIB).
“At the material time of the breaches, Chih was a commissioned dealer’s representatives (CDR) of Maybank IB at its principal office, while Kang was a CDR of KIB at its principal office,” the stock exchange regulator said in a statement yesterday.
Bursa Malaysia said that it has publicly reprimanded Chih and Kang, imposing fines of RM50,000 and RM39,100, respectively.
In addition, the sanctions include an order to strike off both Chih and Kang as registered persons of Bursa Malaysia Securities, if they were still registered. — Bernama
