The Sun (Malaysia) - - SUNBIZ -

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.

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