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A former bank analyst has been sentenced to three years in prison by the Kuala Lumpur Sessions Court for conducting unlicensed securities activities and falsely claiming a Unit Trust Consultant title, marking a significant enforcement action by Malaysia's Securities Commission.
The Securities Commission Malaysia has charged three brothers across three separate Sessions Courts for conducting unlicensed securities dealing activities. The alleged offences occurred between March and October 2019.
A former company director has been sentenced to five years in prison for illegally operating a fund management business and laundering money. Six victims lost RM1.263 million in the scheme that operated between 2018 and 2020.
A US federal judge has approved the SEC's settlement with Elon Musk over delayed disclosure of Twitter share purchases, though she publicly questioned whether the world's richest person was given preferential treatment unavailable to others.