KUALA LUMPUR (Nov 27): The Federation of Investment Managers Malaysia (FIMM) has reprimanded three former unit trust scheme (UTS) and\/or private retirement scheme (PRS) consultants for their misconduct\/breaches of the FIMM\u2019s consolidated rules.<\/p>\n
In a statement, the FIMM said the consultants were Noormariyatul Asyeela Mohamad Ali, Choo Wei Jer and Lai Zheng Lit.<\/p>\n
“These public reprimands are imposed to send a strong message that the FIMM will take\u00a0action against those who fail to comply with any rules issued by the FIMM.<\/p>\n
“This is to deter UTS and\/or PRS consultants from committing any misconduct and to remind them that it is crucial to observe the FIMM\u2019s rules when marketing and distributing UTS and\/or PRS in Malaysia to protect the interests of the investing public,” it said on Thursday.<\/p>\n
Noormariyatul Asyeela \u2014 who was at the material time\u00a0a UTS and PRS consultant of Kenanga Investors Bhd \u2014 was reprimanded due to misconduct of acceptance of cash, misappropriation of funds, falsification of investment statement and forging of the investor\u2019s signature.<\/p>\n
Choo, at the material time a UTS consultant of Phillip Mutual Bhd (PLM), was reprimanded due to making arrangements with another consultant and fit and proper, while\u00a0Lai, PLM’s UTS and PRS consultant, was reprimanded due to unauthorised transactions, making arrangements with another consultant,\u00a0and fit and proper.<\/p>\n","protected":false},"excerpt":{"rendered":"KUALA LUMPUR (Nov 27): The Federation of Investment Managers Malaysia (FIMM) has reprimanded three former unit trust scheme…\n","protected":false},"author":2,"featured_media":162362,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[72,176,61,60,174,175],"class_list":{"0":"post-162361","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-personal-finance","8":"tag-business","9":"tag-finance","10":"tag-ie","11":"tag-ireland","12":"tag-personal-finance","13":"tag-personalfinance"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/162361","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/comments?post=162361"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/162361\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media\/162362"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media?parent=162361"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/categories?post=162361"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/tags?post=162361"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}