Page 195 - SC Annual Report 2018 (ENG)

Securities
Commission
Malaysia
ANNUAL
REPORT
2018

Table 3 Table 4
Type of Infringement Notices cases currently pending in courts
Type of Infringement Notices Total Courts No. of cases

Supervisory letters involving 27 Sessions Court 29
Infringement High Court (Criminal) 13
Warning letters 18 High Court (Civil) 6
Non-compliance letters 15 Court of Appeal (Criminal) 2
Cease and desist letters 6 Court of Appeal (Civil) 1
ToTAL 66 ToTAL 51

Table 5
Type of offences
ongoing court cases for 2018
Offences No. of cases
In 2018, the SC had 51 ongoing cases in Corporate governance 12
the Sessions Court, High Court and Court Insider trading 25
of Appeal (Table 4). Of these cases, 49%
related to insider trading while 23% related to Securities fraud 4
corporate governance breaches such as financial Market manipulation 2
misstatements and disclosure offences. Out of Unlicensed activities 2
this number of ongoing cases, 6% involved Others 3
questions of law and interlocutory applications Questions of law 3
in superior courts. Cases relating to unlicensed ToTAL 51
activities, market manipulation and securities
fraud made up the remaining 22% of the total
number of cases (Chart 4).

Chart 4
ongoing court cases for 2018 by nature of cases
details of criminal prosecution in
2018 6% 23%
6% Questions Corporate
In 2018, the SC charged 8 individuals in the Others of law governance
Sessions Court. Of this number, 5 individuals 4%
were charged for insider trading, 2 individuals Unlicensed activites
were charged for allowing non-authorised
4%
individuals to effect dealings in their accounts Market manipulation
and 1 individual for securities fraud. (Table 6)
8%
Securities fraud

49%
Insider trading

PART 5 »» STATEMENTS, STATiSTiCS ANd ACTiviTiES | 185

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