KUALA LUMPUR, 26 August – Bursa Malaysia Securities has publicly reprimanded, fined RM309,000, and struck off Lim Kow Kia @ Lim Thian Siang (LKK) from its Register for multiple misconducts and rule breaches.
LKK, formerly a Commissioned Dealer’s Representative with Innosabah Securities, CIMB Investment Bank, and CGS-CIMB Securities, was found guilty of dishonest and fraudulent practices including:
- Opening and operating false trading accounts under his deceased father’s name;
- Using his wife’s and mother’s accounts as secret accounts for personal trades;
- Submitting forged documents and false declarations;
- Engaging in prohibited discretionary trading.
These breaches, which spanned over 15 years, were deemed to have seriously compromised market integrity and investor protection. Bursa stressed that it takes a stern view of such misconduct and will not hesitate to take strong action, including striking off registered persons and imposing heavy fines.
