Securities Commission sues ‘Datuk’ over alleged market rigging

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Securities Commission SC News

Market Rigging,Datuk Sued

KUALA LUMPUR, June 26 — The Securities Commission (SC) recently filed a civil suit against Datuk Yu Kuan Chon for market rigging and manipulation breaches involving shares in...

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All you need to know about: Selangor FC’s fine, why the Sultan is angry and which Aduns back the club In the claim filed on June 24, the SC alleged that Datuk Yu Kuan Chon had engaged in manipulative activities in the trading of Shang shares, and that Yu’s trading activities were in breach of Sections 175 and/or 176 of the Capital Markets and Services Act 2007. — Picture by Shafwan ZaidonKUALA LUMPUR, June 26 — The Securities Commission recently filed a civil suit against Datuk Yu Kuan Chon for market rigging and manipulation breaches involving shares in Shangri-La Hotels Bhd .

“Yu allegedly traded and transacted in Shang shares using 15 Central Depository System accounts during the material period.

 

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