17 February 2017
Securities Commission Malaysia (SC) has revoked the Capital Markets Services Representative’s Licences (CMSRLs) of Yew Hock Ming (Yew), Ling Chen Yew (Ling) and Tiong Siew Ngaik (Tiong) under section 72 read together with section 65 of the Capital Markets and Services Act 2007 (CMSA), effective 18 January 2017.
Yew, Ling and Tiong were formerly attached with RHB Investment Bank Berhad, Affin Hwang Investment Bank Berhad and Kenanga Investment Bank Berhad respectively.
Their CMSRLs were revoked as they were found to have engaged in improper business practices.
As such, SC finds these individuals no longer fit and proper to carry out regulated activities in the Malaysian capital market.
The SC has also revoked the CMSRL of Theng Boon Cheng (Theng) under section 72 read together with section 65 of the CMSA.
Theng was formerly attached with AmInvestment Bank Berhad.
Theng’s CMSRL was revoked as the SC has reason to believe that he will not carry on the regulated activity of dealing in securities efficiently, honestly or fairly.
As such, SC finds Theng no longer fit and proper to carry out regulated activities in the Malaysian capital market.