Bursa raps and fines dealer’s rep for false trading, market manipulation

PETALING JAYA: Lee Beng Huat, a commissioned dealer’s representative of Kenanga Investment Bank Bhd, could be charged for false trading and market manipulation by Bursa Malaysia.

According to a Bursa statement on Thursday, Lee had triggered the provisions of Rules 1302.1(1)(a) and (g) of the Rules of Bursa Securities and breached Rules 401.1(3) and 404.3(1)(a) & (c) of the Rules of Bursa Securities.