Latest news with #FederationofInvestmentManagersMalaysia
The Sun
2 days ago
- Business
- The Sun
FIMM reprimands five consultants for falsified certificates
KUALA LUMPUR: The Federation of Investment Managers Malaysia (FIMM) has reprimanded five former unit trust scheme (UTS) and/or private retirement scheme (PRS) consultants for the misconduct of submitting falsified academic certificates. The breach of rules was committed in their application for registration and/or re-registration as a UTS and/or PRS consultant to their respective distributors. In a statement today, FIMM said the following UTS and/or PRS consultants were found to be in breach of Rules 4.1.1, 4.2.1 and 4.3.1(f) and all have been barred from registration with FIMM for a fixed period of one year, effective July 10, 2025. The consultants were Rahmat Anuar (UTS and PRS consultant of Public Mutual Bhd), Mohammad Faarid Khalid (UTS and PRS consultant of Public Mutual), Nur Maisarah John Abdullah (UTS Consultant of Public Mutual), Ahmad Rozailal Abdul Latiff (UTS Consultant of Kenanga Investors Bhd) and Mazni Ismail (UTS and PRS consultant of RHB Asset Management Sdn Bhd). 'These public reprimands are imposed to send a strong message that FIMM will take action against those who fail to comply with any rules issued by the federation. 'This is to deter UTS and/or PRS consultants from committing any misconduct and reminding them that it is crucial to observe FIMM's rules when marketing and distributing UTS and/or PRS in Malaysia to protect the interests of the investing public,' it said. FIMM added that these misconducts were reported by the public in the cases of Rahmat, Faarid and Maisarah, while those of Rozailal and Mazni were detected internally. - Bernama
The Star
2 days ago
- Business
- The Star
FIMM reprimands five consultants for misconduct
KUALA LUMPUR: The Federation of Investment Managers Malaysia (FIMM) has reprimanded five former unit trust scheme (UTS) and/or private retirement scheme (PRS) consultants for the misconduct of submitting falsified academic certificates. The breach of rules was committed in their application for registration and/or re-registration as a UTS and/or PRS consultant to their respective distributors. In a statement today, FIMM said the following UTS and/or PRS consultants were found to be in breach of Rules 4.1.1, 4.2.1 and 4.3.1(f) and all have been barred from registration with FIMM for a fixed period of one year, effective July 10, 2025. The consultants were Rahmat Anuar (UTS and PRS consultant of Public Mutual Bhd), Mohammad Faarid Khalid (UTS and PRS consultant of Public Mutual), Nur Maisarah John Abdullah (UTS Consultant of Public Mutual), Ahmad Rozailal Abdul Latiff (UTS Consultant of Kenanga Investors Bhd) and Mazni Ismail (UTS and PRS consultant of RHB Asset Management Sdn Bhd). "These public reprimands are imposed to send a strong message that FIMM will take action against those who fail to comply with any rules issued by the federation. "This is to deter UTS and/or PRS consultants from committing any misconduct and reminding them that it is crucial to observe FIMM's rules when marketing and distributing UTS and/or PRS in Malaysia to protect the interests of the investing public,' it said. FIMM added that these misconducts were reported by the public in the cases of Rahmat, Faarid and Maisarah, while those of Rozailal and Mazni were detected internally. - Bernama
The Sun
15-07-2025
- Business
- The Sun
FIMM reprimands 5 consultants for misconduct and rule breaches
KUALA LUMPUR: The Federation of Investment Managers Malaysia (FIMM) has taken disciplinary action against five former consultants for misconduct and violations of industry regulations. The individuals were found guilty of submitting falsified academic credentials and engaging in unauthorised financial transactions. Four of the consultants—Khafidah Adam, Nurul Qamariah Kalah, Rossidi Jalaludin, and Sathiskumar Sanggar—submitted fake academic certificates during their registration or re-registration process. FIMM confirmed that these individuals have been barred from re-registering with the organisation for a specified period. The fifth consultant, Nurfarhana Atiqah Mohamad, breached FIMM's Code of Ethics and Rules of Professional Conduct by conducting unauthorised transactions, misrepresenting information, and misappropriating funds. FIMM emphasised that such violations undermine trust in the financial advisory sector and will not be tolerated. The federation stated, 'These former consultants have been barred from registration with FIMM for a fixed period.' The move reinforces FIMM's commitment to maintaining high ethical standards within Malaysia's investment management industry. - Bernama
