Page 55 - SC SCAR 2023 ENGLISH Flipbook

PART 2 REGULATORY PERFORMANCE AND OUTCOMES
ENFORCEMENT
The SC deploys a broad range of enforcement tools to address identified breaches of securities law, foster good conduct and lawful behaviour among capital market participants as well as ensure credible deterrence.
TABLE 21
Key enforcement outcomes
Key outcomes
2023
2022
Preliminary investigation
No. of cases reviewed for enforcement action
43
35
No. of offences reviewed
76
53
Investigation
No. of investigations commenced
19
13
No. of active investigations
55
49
No. of raids conducted
10 locations
2 locations
Criminal actions
New criminal actions commenced
2 persons (involving 12 charges)
6 persons (involving 47 charges)
No. of criminal actions completed with no pending appeal
7 (involving 14 persons)
3 (involving 5 persons)
No. of ongoing criminal cases
21 (involving 32 persons)
21 (involving 33 persons)
No. of persons convicted/conviction affirmed
5
10
Custodial sentences imposed
One day to three years
One day to two years
Total value of fines imposed by the Court
RM8.675 million
RM12.958 million
Compounds
No. of compounds issued
2 (Involving 2 persons)
6 (involving 5 persons)
Total compounds imposed
RM269,900
RM16 million
Civil actions
No. of civil actions commenced including issuance of Letter of Demands
15
8
No. of civil actions completed
3 (involving 15 defendants)
3 (involving 3 defendants)
No. of ongoing civil cases
11 (involving 21 defendants)
15 (involving 23 defendants)
No. of civil actions completed successfully
3 (involving 15 defendants)
3 (involving 3 defendants)
Total value of civil penalties imposed by the Court
RM4,813,123
RM33,741,544
SECURITIES COMMISSION MALAYSIA ANNUAL REPORT 2023 53