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ENFORCEMENT ACTION

List of Cases Compounded

2005

Cases Compounded in 2005

No.	Nature of Offence	Offender(s)	Facts of Case	Compound
1.	Trading in futures contract without a licence	Tan Chee See	Tan traded in futures contracts on another person’s behalf through Southlink Sdn Bhd without a licence.	Tan was compounded RM170,000 for the offence.
2.	Carrying on a futures broking business without a licence	Loi Kum Peng	Loi, abetted Prudent Trend Sdn Bhd (PTSB) in carrying on a futures broking business, where the directors or employees accredited to PTSB were unlicensed.	Loi was compounded RM80,000 for the offence.
3.	Failure to comply with a condition of dealer’s licence	Kuala Lumpur City Securities Sdn Bhd (KLCS)	KLCS failed to comply with a condition of its dealer’s licence when it allowed an individual, Kamarul Bahrain Md Yusof, and three companies, Melor Permata Capital Management Sdn Bhd, Sterling Edge Sdn Bhd and Vintage Ventures Sdn Bhd to act as its dealer’s representative without a licence.	KLCS was compounded RM500,000 for the offence.
4.	Acting as dealer’s representative without licence	Kamarul Bahrain Md Yusof	Kamarul acted as a dealer’s representative of Kuala Lumpur City Securities Sdn Bhd (KLCS) without a licence, when he dealt in securities by– (a) introducing bond buyers and/or bond sellers; and (b) inducing KLCS to enter into an agreement with a view to subscribe and/or dispose of bonds without a licence.	Kamarul was compound RM500,000 for the offence.
		Melor Permata Capital Management Sdn Bhd	Melor Permata acted as dealer’s representative of Kuala Lumpur City Securities Sdn Bhd (KLCS) without a licence through its Director, Mohamad Azan Sulaiman, who had dealt in securities by– (a) introducing bond buyers and/or bond sellers; and (b) inducing KLCS to enter into an agreement with a view to subscribe and/or dispose of bonds without a licence.	Melor Permata was compounded RM500,000 for the offence.
		Vintage Ventures Sdn Bhd	Vintage Ventures acted as dealer’s representative of Kuala Lumpur City Securities Sdn Bhd (KLCS) without a licence through one Wan Aminuddin Aminin Wan Sulaiman, who had dealt in securities by– (a) introducing bond buyers and/or bond sellers; and (b) inducing KLCS to enter into an agreement with a view to subscribe and/or dispose of bonds without a licence.	Vintage Ventures was compounded RM500,000 for the offence.
		Sterling Edge Sdn Bhd	Sterling Edge acted as dealer’s representative of Kuala Lumpur City Securities Sdn Bhd (KLCS) without a licence through one Jeffri Muhammad Yusop, who had dealt in securities by– (a) introducing bond buyers and/or bond sellers; and (b) inducing KLCS to enter into an agreement with a view to subscribe and/or dispose of bonds without a licence.	Sterling Edge was compounded RM500,000 for the offence.
5.	Acting as investment adviser without licence	Tai Nan Holdings (M) Sdn Bhd	Tai Nan acted as an investment adviser without a licence when it advised Kuala Lumpur City Securities Sdn Bhd on fixed income securities without a licence.	Tai Nan was compounded RM300,000 for the offence.
6.	Authorising false information to be submitted to the KLSE with regard to dealings in securities	Mohd Kamal Mohd Eusuff	Mohd Kamal, the former Managing Director of Zaitun Bhd (Zaitun), authorised false information to be submitted to the KLSE with regards to dealings in securities. The false information relates to an announcement that none of the directors or substantial shareholders of Zaitun has any interest, direct or indirect interest in the proposed acquisition of Hai Ming Bhd and Grand Central Enterprise Bhd shares, when in fact Mohd Kamal had an interest in the acquisition directly or indirectly through persons related to him.	Mohd Kamal was compounded RM450,000 for the offence.