Sunday, 12 October 2014

SC enforcement

Quite a few fresh enforcement actions by the Securities Commission, here, here and here.

More details on the civil suit against Kenneth Vun and six others.

Lots of regulatory settlements regarding share manipulation and insider trading "without admission or denial of liability". I am not much a fan of the last part, but it might be a practical way to finalize the cases, which often stretch back many years in the past.

Capital Dynamics Asset Management (Tan Teng Boo's firm) was mentioned: "Failure to disclose the deferred performance fees chargeable annually in the statements issued to its clients", and received a directive "to disclose to its clients the chargeable performance fees to date, in the statement issued to its clients by 31 December 2014".

Cases against Apex Investment Services and AmInvestment Bank were older.

1 comment:

  1. Long live myEG - Long live TS Wong - Malaysia Boleh!