October 11, 2016
The Securities Commission Malaysia (SC) has revoked the Capital Market Services Representative’s Licence (CMSRL) of Ong Kok Aun (Ong) under section 72 read together with section 65 of the Capital Markets and Services Act 2007 (CMSA), effective 13 September 2016.
Ong was formerly attached with RHB Investment Bank Berhad.
Ong’s CMSRL was revoked as he was found to have engaged in improper business practices. As such, SC finds Ong no longer fit and proper to carry out regulated activities in the Malaysian capital market.
Ong has not filed any appeal against SC’s decision within the prescribed time as provided under the CMSA.