Datuk Syed Zaid Albar, SC Chairman commented: The unprecedented scale of challenges we are facing today demands measured responses that offer relief in the short term and support for longer term recovery. The SC is constantly monitoring the situation and weighing all available options. We would like to assure all market participants that the capital…
Read moreThe Securities Commission Malaysia (SC) has announced that Prime Minister Y.A.B Dato' Sri Mohd. Najib bin Tun Haji Abdul Razak in his capacity as Minister of Finance has appointed Datuk Zainal Izlan Zainal Abidin as the SC’s new Deputy Chief Executive (DCE) which takes effect from 5 April 2018. Datuk Zainal Izlan replaces Dato’ Ahmad…
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The Securities Commission Malaysia (SC) has issued a warning to investors over the increase use of blogs, forums and social media platforms to spread false and misleading information on certain companies in order to perpetrate ‘pump and dump’ schemes. Perpetrators would accumulate shares at lower prices before posting positive sentiments about the companies, with the…
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The Securities Commission Malaysia (SC) and Bursa Malaysia Berhad (the Exchange) announced today that they have outlined the operational details of various new measures to further enhance the vibrancy and liquidity of the equity market. These measures were announced on 6 February 2018 by Prime Minister Yang Amat Berhormat Dato’ Sri Mohd Najib bin Tun…
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The Monetary Authority of Singapore (MAS) and the Securities Commission Malaysia (SC) announced that they will work together to facilitate the establishment of a stock market trading link between Bursa Malaysia (BM) and Singapore Exchange (SGX) by the end of this year. The trading link will allow investors to trade and settle shares listed on…
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The High Court today informed that it has found that the Securities Commission Malaysia (SC) had successfully proven an insider trading case against Chan Soon Huat, a former founder and director of WCT Bhd (WCT). In the suit that was filed in 2015, the SC claimed that Chan had breached section 188(2)(a) of the Capital…
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The Securities Commission Malaysia (SC) and Bank Negara Malaysia (BNM) informed today that they wish to draw the public’s attention to initial coin offering (ICO) schemes which may involve activities that are subject to laws administered by the SC and BNM. Carrying on such activities without proper authorisation is an offense. Issuers of ICOs should…
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The Securities Commission Malaysia (SC) informed that it has today charged a 67-year-old man for defrauding Koperasi Pelaburan Pekerja-Pekerja Proton Bhd (KOPRO) of its investments of RM350,000 for the purchase of securities between August 2007 and November 2008. Ismail Basir was also alleged to have represented to KOPRO that he was a remisier, when in…
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The Securities Commission Malaysia (SC) announced that it has directed CopyCash Foundation to immediately cease and desist all its proposed activities including a purported plan to launch an Initial Coin Offering (ICO) on 10 January 2018 in Malaysia. This directive covers all activities as described in or incidental to CopyCash Foundation’s white paper pursuant to…
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The Securities Commission Malaysia (SC) today announced that parties interested in establishing and operating an Alternative Trading System (ATS) in Malaysia can apply to participate in regulatory sandbox sessions under the SC’s FinTech Innovation Lab (aFINity - alliance of FinTech community). This follows the Budget 2018 announcement on the introduction of ATS in the Malaysian…
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