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SC fines ex-unit trust consultant RM687,500 over investment fraud

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Securities Commission News

Unit Trust,Reprimands

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KUALA LUMPUR: The Securities Commission Malaysia has reprimanded and fined Amran Mohd Amin RM687,500 for three breaches of securities laws.

Additionally, Amran provided falsified account statements to two of the four investors, misleading them into believing their investments had been made when no such transactions occurred. The sanctions pertain to Section 92A of the CMSA, Paragraph 5.02 of the SC’s Guidelines on Conduct for Capital Market Intermediaries, and Paragraph 4.1 of the Federation of Investment Managers Malaysia’s Code of Ethics.The SC's findings were reached after due process, including allowing Amran to respond to the allegations and the SC’s decision.

This action against Amran is part of the SC's ongoing enforcement efforts targeting unit trust consultants for misconduct.

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SC fines ex-unit trust consultant RM687,500 over investment fraudKUALA LUMPUR: The Securities Commission Malaysia (SC) has reprimanded and fined Amran Mohd Amin RM687,500 for three breaches of securities laws. Accor...
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