1 Suspicious movement: Insider trading is rife when the share price of a company suddenly rises or falls before the company makes an announcement. — AFP2 Ranjit: ‘Instituting criminal charges is the culmination of a lot of work.’3 Yoong: ‘I am pleasantly surprised to see that no one among us is involved in insider trading.’
THE Securities Commission Malaysia’s intense efforts to stem insider trading was put under the spotlight at the launch of the SC’s 2015 annual report recently.
The commission had preferred 219 criminal charges against 16 individuals for insider trading last year, the SC chairman Datuk Seri Ranjit Ajit Singh had highlighted, as he talked to the press about the market watchdog and regulator’s heightened market surveillance in 2015 to prevent misconduct and preserve market integrity.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
