Stock market manipulation in malaysia

CMSA prescribes the laws among others, to regulate and to provide for matters relating to trading activities in the capital markets.

The following are four 4 types of trading activities that are prohibited in Bursa Malaysia as stipulated in CSMA. Short selling is the action of a person selling shares, which he does not own at the time of selling.

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Essentially, the law provides that a person shall not sell securities to a purchaser unless, at the time when he sells them: A person who contravenes section 98 of CMSA commits an offence and shall, on conviction, be liable to a fine not exceeding five million ringgit or to imprisonment for a term not exceeding ten years or to both.

This involves matched transactions where the buyer and seller are the same i.

Transactions result in no change in beneficial ownership NCBO. Essentially, the law provides that a person shall not create, or cause to be created, or do anything that is calculated to create, a false or misleading appearance of active trading in any securities on a stock market in Malaysia or a false or misleading appearance with respect to the market for, or the price of, any such securities.

In this respect, we suggest that you avoid placing buy and sell orders concurrently at the same price to ensure that you do not unintentionally matched your own orders and thus resulting in NCBO transaction. A person who contravenes section commits an offence and shall be punished on conviction to imprisonment for a term not exceeding ten years and to a fine of not less than one million ringgit.

Such acts are illegal under the CMSA. Essentially, the law provides that a person shall not effect, take part in, be concerned in or carry out, either directly or indirectly, any number of transactions in securities of a corporation, being transactions that have, or are likely to have, the effect of raising, lowering or fixing the price of securities of the corporation on a stock market in Malaysia, for the purpose or purposes which may include the purpose of inducing other persons, to purchase or dispose of the securities of the corporation or of a related corporation.

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