Kuala lumpur: Bursa Malaysia Securities Bhd has taken enforcement action against two dealer’s representatives (DRs) for violating its rules and directives on conflicts of interest, and against one of them additionally for involvement in manipulative trading activities in several clients’ accounts. They are Chih Yi May from Maybank Investment Bank Bhd (MIBB) and Kang Ai Na from Kenanga Investment Bank Bhd (KIBB).

According to BERNAMA News Agency, at the material time of the breaches, Chih was a commissioned DR (CDR) of MIBB at its principal office, while Kang was a CDR of KIBB at its principal office. The stock exchange regulator stated that it has publicly reprimanded Chih and Kang, imposing fines of RM50,000 and RM39,100, respectively.

In addition, the sanctions include an order to strike off both Chih and Kang as registered persons of Bursa Malaysia Securities, if they were still registered.