Friday, 29 May 2015

Bursa Securities reprimands and fines two dealer’s reps

Bursa Malaysia Securities Bhd has publicly reprimanded and fined two stockbrokers - Ng Soo Ging and Jeremy Hiew Jian Chang - for engaging in manipulative dealing activities on separate occasions.

Ng would be struck off as registered person of Bursa Malaysia, while Hiew would be suspended for six months as registered person and be required to undergo training on conduct or professionalism of dealer’s representatives/market offences.

Bursa Malaysia Securities pointed out that Ng - who was fined RM380,000 - was found to have engaged in manipulative dealing activities on three counters, namely, GPRO Technologies Bhd, Industronics Bhd and MNC Wireless Bhd.

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