1.
|
Dealing in securities and providing investment advice without a licence
|
Bellador Advisory Services (Labuan) Ltd |
Bellador Advisory Services (Labuan) Ltd carried out cold-calling activities, providing investment advice to potential investors and procuring the investors to enter into agreements to purchase securities, without a licence. |
Warning letter and notice to cease the carrying on of the cold-calling activities was issued on 29 June 2004. |
Peter Taylor
(British national) |
Peter Taylor, a director of Bellador Advisory Services (Labuan) Ltd (BASL), was issued a warning for the activities carried out by BASL. |
Warning letter and notice to cease the carrying on of the cold-calling activities was issued on 29 June 2004. |
James Kirby
(British national) |
James Kirby, a director of Bellador Advisory Services (Labuan) Ltd (BASL), was issued a warning for the activities carried out by BASL. |
Warning letter and notice to cease the carrying on of the cold-calling activities was issued on 29 June 2004. |
2. |
Senior management who allowed an individual, Wong Wing Tat, to open and operate more than one securities account under the names of third parties to facilitate his multiple IPO share applications |
Kong Seng Thiam |
Kong, Financial Controller of WK Securities Sdn. Bhd. (during the material time), was aware that Wong had opened and was operating more than one securities account under the names of third parties at WK Securities Sdn Bhd to facilitate his multiple IPO share applications. |
Warning letter was issued on 30 April 2004. |
Yee Meng Phang |
Yee, Senior Manager of Credit and Finance of WK Securities Sdn Bhd (during the material time), was aware that Wong had opened and was operating more than one securities account under the names of third parties at WK Securities Sdn Bhd to facilitate his multiple IPO share applications. |
Warning letter was issued on 30 April 2004. |
