Remisier fined RM75,000 and suspended for manipulative trading activities


“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.

Subscribe now and receive FREE sooka plan for 1 month.
T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

   

Next In Business News

Ringgit to see tight trading amid cautious mode next week
PM Anwar: RM1.24bil potential export to Peru generated
Boxed-in markets seek safety
Cropmate seeks to raise RM42mil to buy factories
Climate funding at stake
What could go wrong, or right?
The spirit of enterprise
Kossan’s nine-month earnings surge by 588%
Don’t delay merger control, empower MyCC as the sole regulator
Robust economy to boost banking

Others Also Read