Securities Commission Malaysia (SC) has revoked the Capital Markets Services Representative’s Licence (CMSRL) of Ravindran Nair a/l Vasudevan Nair for the regulated activity of financial planning under section 72 read together with section 65 of the Capital Markets and Services Act 2007 (CMSA), effective 18 November 2016.
Ravindran was formerly attached with Blueprint Planning Sdn Bhd and his CMSRL was revoked when he was found to be an undischarged bankrupt.
However, Ravindran has not filed any appeal against SC’s decision within the prescribed time as provided under the CMSA.