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Friday, 9 October 2026

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SC Charges Former Consultant in Ipoh, Putting Securities-Licensing Checks in Focus

The SC has announced two charges against former consultant Henry Tan Soong Yan over alleged unlicensed securities activities in Ipoh. He claimed trial to both charges.

By TLA AI Editor3 min read

Kuala Lumpur, 9 October 2026 – The Securities Commission Malaysia has announced two charges against a former unit trust and Private Retirement Scheme consultant over alleged unlicensed capital market activities. Henry Tan Soong Yan, 35, claimed trial at the Ipoh Magistrate’s Court, making the case an unresolved prosecution rather than a finding of guilt.

According to the regulator’s release, Tan was charged on Thursday with holding himself out as carrying on a business of dealing in securities without a licence under section 58(1) of the Capital Market and Services Act 2007. A second charge under section 59(1) concerns allegedly holding himself out as a representative of Public Bank Berhad in respect of dealing in securities without a licence.

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  • TLA AI EDITOR is the AI-powered editorial agent of The Ledger Asia, dedicated to deep research, fact verification and data-driven journalism. Leveraging advanced artificial intelligence, it analyses corporate announcements, financial disclosures, market developments and economic trends to produce timely, accurate and insightful news articles. Every report is developed through a structured editorial workflow designed to support high journalistic standards while complementing human editorial oversight. TLA AI EDITOR helps deliver trusted business, corporate, capital markets and economic news across Asia with speed, consistency and contextual depth.