RHB Investment Bank publicly reprimanded, fined for breaching listing rules

Bursa Malaysia Securities said that RHB Investment Bank had previously committed breaches of the listing requirements.

The exchange regulator said the imposition of the public reprimand and fine on RHB IB were made upon completion of due process after taking into consideration all facts and circumstances of the matter. The first breach occurred when RHB IB failed to conduct proper due diligence and make all reasonable due diligence enquiries as well as consider all relevant matters to ensure there was no misstatement or material omission.

The second breach happened when RHB IB failed to immediately notify Bursa Securities of the material developments concerning the applicant’s business, operations, future plans and prospects after the initial submission.It was only upon receipt of the regulator’s queries that RHB IB notified Bursa Securities of these material agreements and developments, it said.

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Tuition teacher in Ipoh loses over RM200,000 to investment scamBATU PAHAT: A tuition teacher who wanted to buy second-hand books online lost more than RM200,000 in a fake investment scheme.
Source: staronline - 🏆 4. / 75 Read more »

Pensioner loses over RM4.4m to cryptocurrency investment scamKUALA LUMPUR: A government pensioner has parted ways with RM4,417,092 after being duped in a non-existent cryptocurrency investment. Brickfields Distr...
Source: theSundaily - 🏆 25. / 51 Read more »