News Formal

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

  • 📰 staronline
  • ⏱ Reading Time:
  • 34 sec. here
  • 4 min. at publisher
  • 📊 Quality Score:
  • News: 24%
  • Publisher: 75%

Securities Commission Nieuws

Unit Trust,Reprimands

Google is making adjustments to its search engine to reduce the prevalence of sexually explicit fake content high in results, responding to the explosion in non-consensual unsavory content people have created using generative artificial intelligence tools.

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.

Wij hebben dit nieuws samengevat zodat u het snel kunt lezen. Bent u geïnteresseerd in het nieuws, dan kunt u hier de volledige tekst lezen. Lees verder:

 /  🏆 4. in NL
 

Bedankt voor uw reactie. Uw reactie wordt na beoordeling gepubliceerd.

Nederland Laatste Nieuws, Nederland Headlines

Similar News:Je kunt ook nieuwsberichten lezen die vergelijkbaar zijn met deze die we uit andere nieuwsbronnen hebben verzameld.

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...
Bron: theSundaily - 🏆 25. / 51 Lees verder »