Kuala Lumpur, 11 May 2026 – Bursa Malaysia Securities has publicly reprimanded, imposed a RM59,000 fine and ordered the strike-off of Nurendran A/L Parathan as a Registered Person if he was still registered, after finding that he had engaged in manipulative trading activities involving numerous securities counters.
Nurendran was a Salaried Dealer’s Representative of CGS-CIMB Securities Sdn Bhd at the material time of the breach. Bursa Malaysia Securities said he had contravened and triggered several provisions under the Rules of Bursa Malaysia Securities and the Participating Organisations’ Directives and Guidance.
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