Bursa Malaysia > Equities

Capital Market and Services Act ~ Don't Break the Law!

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Ļaughing Ģor:
1. Prohibited Conducts

1.1 Under Section 176 Stock Price Manipulation, no person shall effect, take part in, engage 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–
(a) raising;
(b) lowering; or
(c) pegging, fixing, maintaining or stabilising,

the price of securities of the corporation on a stock market in Malaysia, for the purpose which may include the purpose of inducing other persons, whether or not another person is induced, to acquire or dispose of the securities of the corporation or of a related corporation.

1.2 Under Section 177 False or misleading statements,  A person shall not make a statement, or disseminate information, that is false or misleading in a material particular and is likely to induce the sale or purchase of securities by other persons or is likely to have the effect of raising, lowering, maintaining or stabilising the market price of securities if, when he makes the statement or disseminates the information–
(a) he does not care whether the statement or information is true or false; or
(b) he knows or ought reasonably to have known that the statement or information is false or misleading in a material particular.

One example is "Pump and dump", a form of stock fraud that involves artificially inflating the price of an owned stock through false and misleading positive statement in order to sell the cheaply purchased stock at a higher price. Once the operators of the scheme "dump" their overvalued shares, the price falls and investors lose their money.

2. Insider trading

Under Section 188 Prohibited conduct of person in possession of inside information.  A person is an “insider” if that person possesses information that is not generally available which on becoming generally available a reasonable person would expect it to have a material effect on the price or the value of securities; and knows or ought reasonably to know that the information is not generally available.

The insider shall not, directly or indirectly, communicate the information referred to in subsection (1), or cause such information to be communicated, to another person, if the insider knows, or ought reasonably to know, that the other person would or would tend to–
(a) acquire, dispose of, or enter into an agreement with a view to the acquisition or disposal of, any securities to which the information; or
(b) procure a third person to acquire, dispose of or enter into an agreement with a view to the acquisition or disposal of, any securities

Therefore insider trading violations include "tipping" such information and securities trading by the person "tipped" based on these exclusive information. For example, a forumer might claim he has exclusive information that actions by directors/officers of public listed companies, actions by syndicates or even actions by ministers or people related to ministers will soon  impact a particular security price. As he start to tip everyone else by via public posts or PM, he'd already infringed the law.

Read more: w ww.sc.com.my/eng/html/cmsa/cmsa2007/cmsa2007.pdf

3. How easy it is to track your IP Address

On Google, just key "My IP Address".

Tessa Joseph:
3. How easy it is to track your IP Address

On Google, just key "My IP Address".


- JUST DID THAT, OMG :sweat:

Divine:
good to remember


--- Quote from: Ļaughing Ģor on January 20, 2013, 12:04:29 AM ---1. Prohibited Conducts

1.1 Under Section 176 Stock Price Manipulation, no person shall effect, take part in, engage 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–
(a) raising;
(b) lowering; or
(c) pegging, fixing, maintaining or stabilising,

the price of securities of the corporation on a stock market in Malaysia, for the purpose which may include the purpose of inducing other persons, whether or not another person is induced, to acquire or dispose of the securities of the corporation or of a related corporation.

1.2 Under Section 177 False or misleading statements,  A person shall not make a statement, or disseminate information, that is false or misleading in a material particular and is likely to induce the sale or purchase of securities by other persons or is likely to have the effect of raising, lowering, maintaining or stabilising the market price of securities if, when he makes the statement or disseminates the information–
(a) he does not care whether the statement or information is true or false; or
(b) he knows or ought reasonably to have known that the statement or information is false or misleading in a material particular.

One example is "Pump and dump", a form of stock fraud that involves artificially inflating the price of an owned stock through false and misleading positive statement in order to sell the cheaply purchased stock at a higher price. Once the operators of the scheme "dump" their overvalued shares, the price falls and investors lose their money.

2. Insider trading

Under Section 188 Prohibited conduct of person in possession of inside information.  A person is an “insider” if that person possesses information that is not generally available which on becoming generally available a reasonable person would expect it to have a material effect on the price or the value of securities; and knows or ought reasonably to know that the information is not generally available.

The insider shall not, directly or indirectly, communicate the information referred to in subsection (1), or cause such information to be communicated, to another person, if the insider knows, or ought reasonably to know, that the other person would or would tend to–
(a) acquire, dispose of, or enter into an agreement with a view to the acquisition or disposal of, any securities to which the information; or
(b) procure a third person to acquire, dispose of or enter into an agreement with a view to the acquisition or disposal of, any securities

Therefore insider trading violations include "tipping" such information and securities trading by the person "tipped" based on these exclusive information. For example, a forumer might claim he has exclusive information that actions by directors/officers of public listed companies, actions by syndicates or even actions by ministers or people related to ministers will soon  impact a particular security price. As he start to tip everyone else by via public posts or PM, he'd already infringed the law.

Read more: w ww.sc.com.my/eng/html/cmsa/cmsa2007/cmsa2007.pdf

3. How easy it is to track your IP Address

On Google, just key "My IP Address".


--- End quote ---

Oly Shyte:
KUALA LUMPUR: Bursa Malaysia Bhd has launched a new listing information network system, Bursa Link, and an online listing enquiry service, AskListing@Bursa, for the marketplace.

Bursa said in a statement that the new eServices would serve as channels for it to move all enquiries for listed issuers online as well as digitise the disclosure and submission processes.

Chief executive officer, Datuk Tajuddin Atan, said the launch of these eServices was part of the company's ongoing efforts to enhance operational efficiencies and improve its service levels to the stakeholders.

“Over the years, Bursa Malaysia has been investing heavily on technology to drive exchange innovation and meet global demands.

“Technology has and will continue to change the way we work and operate. It aims to improve turnaround time and delivery expectations. As such, leveraging on technology enhancements is central to business processes,” he said.

The stock exchange said the enhanced Bursa Link would offer a new feature, which will allow electronic submission for applications such as initial public offerings and secondary fund raising activities.

As for AskListing@Bursa, the service would cater to the needs of stakeholders for a more effective approach to managing enquiries pertaining to the interpretations and compliance with the listing requirements, it said.

Moving forward, Bursa Malaysia said all enquiries would be channelled to a team within the listing division.

Oly Shyte:
PETALING JAYA: The call by the Malaysian Communications and Multimedia Commission (MCMC) for the public to stop spreading modified photos, unverified news and speculation on 1Malaysia Development Berhad (1MDB) has been met with derision by netizens.

Many took to the Internet on Thursday to question the warning, including social activist Datin Paduka Marina Mahathir (pic).

“Jails will be full,” tweeted Marina, attaching a link to a news portal report on the statement by MCMC.

The call came a short while after the hashtag #1MDBMovies started trending on Twitter.

 
 
 

Others also took to Twitter, echoing Marina’s views.

“I think the hashtag #1MDBMovies is trending, the police would not have enough personnel to detain everyone,” wrote user @AkemAiman.

“Wow, now if we lampoon #1MDBMovies we go to jail. I wonder if they can put over 60 percent of Malaysia in jail, do they ever think before they talk?” asked user @kishinmahtani30.

In a statement on Thursday, MCMC reminded the public that those spreading such items on social media, including through mobile messaging service WhatsApp, could be found guilty under Section 211 or Section 233 of the Communications and Multimedia Act 1998.

The Commission added that those found guilty of the offence could be “fined not more than RM50,000 and/or jailed for not more than one year”.

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