Bursa Malaysia Securities fines and publicly reprimands dealer
22 May 2014 / 05:40 H.
PETALING JAYA: Bursa Malaysia Securities has publicly reprimanded, imposed a fine of RM500,000 and ordered to strike off Teh Bee Yean from the register for engaging in unlawful/unethical activities through her acts of misconducts and abuse of clients' monies/accounts.
Teh, a commissioned dealer's representative of Public Investment Bank Bhd at its Kuala Lumpur branch office, was found among others, to have used two client's accounts to conduct unauthorised/personal trades, falsified documents and misapplied or misappropriated clients' monies, bringing into question her integrity and honesty as a registered person.
These misconducts render her unfit to remain in the industry as a registered person, Bursa Malaysia Securities said.