MAS has observed the following breaches: –
• Mr. Chong was not performing the financial advisory and capital markets services honestly.

Mr. Chong is prohibited from doing: –
• Any financial advisory service
• Taking part in the management
• Acting as a director
Mr. Chong cannot become a substantial shareholder of any financial advisory firm under the Financial Advisers Act, cannot take a part in any regulated activity and management, become a director or a substantial shareholder of any capital markets services firm under the Securities and Futures Act

Conclusion: The Senior Management of the Company should ensure that, the Board of Directors and/or Representatives of the Company are working according to the relevant laws, regulations and guidelines issued by MAS.

Source: MAS Issues Prohibition Order Against Mr Chong Yew Mun Alan for Market Misconduct Offences