Dealer reprimanded, fined and suspended

KUALA LUMPUR: Bursa Malaysia Securities Bhd (Bursa Securities) has publicly reprimanded, imposed a fine of RM60,000 and suspended/restricted Wong Wing Haur for 10 months, for engaging in manipulative trading activities in the securities of six counters.
The six counters are namely Asdion Bhd, Nexgram Holdings Bhd, Ire-Tex Corp Bhd, Nexgram-WA, Nexgram-WC, and MQ Technology Bhd.
In addition, Wong was required to undergo training on conduct or professionalism of dealer’s representatives (DRs)/market offences.
Wong was a dealer’s representative of JF Apex Securities Bhd.
“The finding of the breach and imposition of sanctions on Wong were made according to the rules of Bursa Malaysia Securities after according due process to Wong and taking into consideration all facts and circumstances, including the severity, extent and impact of the breaches and the conduct of Wong and his co-operation with Bursa Securities in the enforcement action against him by admitting/not disputing the breaches, hence resulting in earlier resolution of the case,” it said.