KUALA LUMPUR: Bursa Malaysia Securities Bhd has taken enforcement actions against two dealer’s representatives for engaging in short-selling activities in the accounts of three clients, which are against the rules of the local stock market.
They are Mooi Weng Hou and Kwan Chun Han from RHB Investment Bank Bhd (RHB IB).
“Mooi and Kwan were commissioned dealer’s representatives of RHB IB at its Pandan Indah branch office at the material time of the breaches,” the stock exchange regulator said in a statement.
Bursa Malaysia said it publicly reprimanded Mooi and imposed a RM94,500 fine.
Mooi was also suspended for six months and required to undergo mandatory training on the conduct of dealer’s representatives.
Kwan was also publicly reprimanded, fined RM25,000, suspended for three months, and also required to undergo mandatory training.