KUALA LUMPUR: The Securities Commission has revoked the Capital Markets Services Representative’s Licences of three individuals who were declared bankrupt.
They are Norhashmilaidi Hashim, Ngan Piang Heng @ Ngam Siong Fook and Abd Malik Abu Bakar.
The regulator explained that the three licences were revoked under Section 72 read together with Section 65 of the Capital Markets and Services Act 2007.
The revocations for Norhashmilaidi and Ngan are effective March 27,2017 while Malik's is April 18, 2017.
Norhashmilaidi, Ngan and Malik were formerly attached with Affin Hwang Investment Bank Berhad, AmInvestment Bank Berhad and Malacca Securities Sdn Bhd, respectively.
"The CMSRLs of all three individuals were revoked when they were found to be undischarged bankrupts."
Norhashmilaidi, Ngan and Malik have not filed any appeal against SC’s decision within the prescribed time as provided under the CMSA.