Accused faces 10 years’ imprisonment, RM1m fine upon conviction

Major, other audit firms actively addressing challenges like resource adequacy, high staff turnover, says Securities Commission

KUALA LUMPUR, July 30 — Bursa Malaysia Bhd will come up with recommendations by early October at the latest, after a hacking episode on April 24 this year, said Bursa chief executive officer Datuk Fad’l Mohamed today.

KUALA LUMPUR, April 25 — The Securities Commission Malaysia (SC) and Bursa Malaysia Bhd have received reports from a few brokers who identified failed client logins and unauthorised access or trading activities executed through a limited number of clients’ online trading accounts.

KUALA LUMPUR, March 20 — The Securities Commission (SC) is expected to submit its proposal to review levies of fees from intermediaries by the end of March to the Finance Ministry, said SC executive chairman Datuk Mohammad Faiz Azmi.

KUALA LUMPUR, May 10 — Leaders of organisations must ensure a comprehensive technology risk management framework is in place as it guides organisations to identify key risks and put the right controls in place, the Securities Commission Malaysia (SC) said.

KUALA LUMPUR, March 12 — The Securities Commission Malaysia’s (SC) Audit Oversight Board (AOB) has publicly reprimanded Nexia SSY PLT (AF 2009) and its audit partners, namely Michelle Yong Voon Sze and Jayapalasingam Kandiah.

KUALA LUMPUR, February 6 — In light of the capital market’s growing maturity and evolving regulatory standards, the Securities Commission Malaysia (SC) today introduced the Focused Scope Assessment (FSA) for new eligible Capital Market Intermediaries (CMIs) and Recognised Market Operators (RMOs) as part of the regulator’s new gatekeeping approach.

KUALA LUMPUR, Feb 5 — The Securities Commission Malaysia (SC) has widened sophisticated investor categories in a move to increase capital market accessibility.

KUALA LUMPUR, —The Securities Commission Malaysia (SC) has introduced an accelerated transfer process to facilitate the promotion of eligible ACE Market public listed companies (PLCs) to the Main Market of Bursa Malaysia.

KUALA LUMPUR, —The Securities Commission Malaysia (SC) has introduced an accelerated transfer process to facilitate the promotion of eligible ACE Market public listed companies (PLCs) to the Main Market of Bursa Malaysia.

KUALA LUMPUR, Nov 30 — The Securities Commission Malaysia (SC) says it will not tolerate any non-compliance by capital market players and will not hesitate to take criminal action against those involved in fraudulent activities.

KUALA LUMPUR, Nov 6 — A comprehensive approach is required to address the structural and specific aspects of retirement savings shortfall, said Securities Commission Malaysia (SC) chairman Datuk Seri Dr Awang Adek Hussin.

KUALA LUMPUR, Nov 2 — Islamic social finance can play a vital role in promoting inclusive growth and shared prosperity in Malaysia, said Dr Ndiame Diop, the World Bank Group country director for Brunei, Malaysia, the Philippines and Thailand.

PETALING JAYA, Aug 23 — The Securities Commission Malaysia has seen a rapid increase in complaints and enquiries on unlicensed activities and scams since the Covid-19 pandemic in 2020.

KUALA LUMPUR, July 27 — Bank Negara Malaysia (BNM) and the Securities Commission (SC) have been taking steps to ensure the sustainability and effectiveness of the Islamic finance system by raising the standards to not only halal but also halalan thoyyiban (lawful and good).

KUALA LUMPUR, June 19 — Prime Minister Datuk Seri Anwar Ibrahim has urged companies to consider giving a reasonable sum of allowance to interns to help cover their daily expenses.

KUALA LUMPUR, May 31 –The pressure on the ringgit against the US dollar is hoped to lessen when the US debt ceiling issue is resolved over the next few days, said Deputy Finance Minister I Datuk Seri Ahmad Maslan.

KUALA LUMPUR, Dec 23 — The Securities Commission Malaysia (SC) today has won a civil suit against former deputy managing director of WCT Bhd Goh Chin Liong and director of Ara Holdings Sdn Bhd Leong Ah Chai.

KUALA LUMPUR, Dec 12 — A businessman was sentenced to one day in jail and fined RM400,000 by the Sessions Court here today for allowing his friend to dispose of more than 14 million shares in a local furniture manufacturer in his central depository system (CDS) account, 18 years ago.