SECURITIES COMMISSION REVOKES DEALER’S LICENCE
PETALING JAYA: The Securities Commission Malaysia (SC) has revoked the Capital Market Services Representative’s Licence of Ong Kok Aun for engaging in improper business practices. The SC said in a statement yesterday that Ong’s licence was revoked under Section 72 read together with Section 65 of the Capital Markets and Services Act 2007 (CMSA). The revocation is effective Sept 13, 2016. Ong, who was formerly attached with RHB Investment Bank Bhd, has not filed any appeal against the SC’s decision within the prescribed time as provided under the CMSA.