“Teo’s recalcitrant conducts showed a reckless/lackadaisical attitude and a blatant disregard of the Rules of Bursa Malaysia Securities and the various trading concerns raised/actions by Bursa Malaysia Securities and TA, ” it said.
KUALA LUMPUR: Bursa Malaysia Securities has publicly reprimanded and fined a remisier Teo Chee Cheong RM74,500 for manipulating the trading activities in the shares of eight companies.
The regulator said in a statement on Tuesday it had also suspended Teo 10 months.
The eight companies in which he had engaged in manipulative trading activities were Malaysia Building Society Bhd
, Dagang Nexchange Bhd, Hibiscus Petroleum Bhd and Dagang Nexchange Bhd-Warrants.
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