Remisier fined RM75,000 and suspended for manipulative trading activities

TheStar Tue, Sep 08, 2020 06:02pm - 3 years View Original


“Teo’s recalcitrant conducts showed a reckless/lackadaisical attitude and a blatant disregard of the Rules of Bursa Malaysia Securities and the various trading concerns raised/actions by Bursa Malaysia Securities and TA, ” it said.

KUALA LUMPUR: Bursa Malaysia Securities has publicly reprimanded and fined a remisier Teo Chee Cheong RM74,500 for manipulating the trading activities in the shares of eight companies.

The regulator said in a statement on Tuesday it had also suspended Teo 10 months.

The eight companies in which he had engaged in manipulative trading activities were Malaysia Building Society Bhd, Dagang Nexchange Bhd, Hibiscus Petroleum Bhd and Dagang Nexchange Bhd-Warrants.

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