<div class=newsTextDataWrapInner><p>KUALA LUMPUR (May 25): The Securities Commission (SC) revoked Jason Chan Yew Mun's Capital Market Services Representative’s Licence (CMSRL), after the regulator discovered Chan made "improper" fund transfers amounting to RM2.5 million into his wife's trading and banking account.</p></div>

<div class=newsTextDataWrapInner><p>In a statement today, the SC said the RM2.5 milllion was from 10 cheque payments from four of Chan's clients. The SC said Chan was formerly attached with RHB Investment Bank Bhd and the revocation of his licence started from April 26 this year.</p></div>

<div class=newsTextDataWrapInner><p>"Jason’s CMSRL was revoked under section 72 read together with section 65 of the Capital Markets and Services Act 2007 (CMSA), when he was found to have engaged in business practices appearing to the Commission to be deceitful or otherwise improper. In this regard, Jason had caused 10 cheque payments amounting to RM2.5 million from four of his clients, to be allocated into his wife’s trading and banking account.<br />
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"As such, the SC finds that Jason is no longer fit and proper to continue to be licensed to carry out regulated activities in the Malaysian capital market. Jason has not filed any appeal against the SC’s decision within the prescribed time provided in the CMSA.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>


KUALA LUMPUR (May 25): The Securities Commission (SC) revoked Jason Chan Yew Mun's Capital Market Services Representative’s Licence (CMSRL), after the regulator discovered Chan made "improper" fund transfers amounting to RM2.5 million into his wife's trading and banking account.

In a st...

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<p>Here is a brief recap of some business news and corporate announcements that made the headlines on Thursday:</p>


AirAsia X, Capital A, ViTrox, PavREIT, Luxchem, Chin Teck, MKHOP, TAS Offshore, Inta Bina, Heineken, Pantech and Infoline Tec 

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<p>The Tesla Inc shareholder who won a court order in Delaware killing co-founder Elon Musk’s US$56 billion (RM267.54 billion) pay package is premature in asking the judge to bar the billionaire from moving the executive-compensation dispute to Texas, the car company’s lawyers argue.</p>


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<p>Alphabet announced its first-ever dividend on Thursday and a US$70 billion (RM334.43 billion) stock buyback, cheering investors who sent the stock surging nearly 16% after the bell.</p>


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<p>Foreign states are using UK universities to “steal advantage” by covertly acquiring British intellectual property, the government warned, saying it would explore proposals to protect cutting-edge research and technology.</p>


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