Laws & Regulations

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Case Studies on Market Misconducts and Its Key Takeaways

Case Studies On Market Misconducts And Its Key Takeaways

Dates:  27 February 2019 (8.30am - 5.00pm) 
Venue: Securities Commission Malaysia
Accreditation: SIDC 10 CPE Approved


Over the years, the number of criminal prosecutions has risen in the capital market due to misconduct. In 2016 alone, the Securities Commission Malaysia (SC) has imposed a total of RM1.415 million administrative sanctions for various misconducts and breaches of securities laws.
 
‘Market misconduct’ as defined by regulators, includes activities such as insider trading, market manipulation, false trading, price rigging, disclosure of information about prohibited transactions and disclosure of false or misleading information. These conduct harms the interests and confidence of investors and potentially damages the reputation of the Malaysian capital market in the long run.
 
This one-day programme will examine interesting features and findings of major cases related to market misconducts, the enforcement process, penalties and the disciplinary actions imposed by regulators and its impact to organisations. It will also deliberate on the regulator’s expectations, the practical steps required to implement effective controls to prevent market misconduct and the key takeaways of the cases discussed.

  • Programme Delivery

    Programme Objective

    This programme will discuss in depth the severity of market misconduct, the disciplinary actions imposed and penalties meted by regulators and the key takeaways of the cases discussed.

    Learning Outcomes

    By the end of this programme, participants will be able to:
    • Demonstrate an understanding of the key areas, issues and challenges as well as the implications and how to deal with them appropriately based on the case studies which has been discussed;
    • Recognise the laws and regulations related to market misconduct, the enforcement process, penalties and the disciplinary actions imposed by Regulators and its impact to organisations;
    • Illustrate the duties and responsibilities of intermediaries from the perspective of regulators and deliberate on the regulator’s expectations; and
    • Discuss measures to prevent, mitigate and deal with market misconduct and prohibited conduct.

    Target Audience

    Individuals
    Compliance officers, risk management officers, audit officers, sales and trading officers, settlement officers.
     
    Institutions
    Stockbroking firms, asset management companies, investment and commercial banks.

    Competencies

    Foundational (Regulatory) - Anti-Money Laundering
    Core – Risk Management  
    Functional (Process Skills) - Compliance
  • Programme Outline

    8.30 am Registration
    9.00 am
     
    Market Misconduct Evolution
    • What is market misconduct?
    • Types of market misconduct and related offences
    • Drivers of misconduct and its effect  
    • Laws and regulations on market misconduct and related offences
    10.45 am Coffee Break
    11.00 am Market Misconduct Cases: Headlines across the Globe
    • Insights and findings of market misconduct cases
      • Insider trading
      • Market manipulation
      • False trading
      • Price rigging
    • The cause, red flags and indicators
    • Enforcement process, penalties and disciplinary actions taken by regulators
    • Implications, lessons and key takeaways
    1.00 pm Lunch Break
    2.00 pm Market Misconduct Cases: Headlines across the Globe
    • Insights and findings of market misconduct cases
      • Disclosure of information about prohibited transactions
      • Disclosure of false or misleading information
    • The cause, red flags and indicators
    • Enforcement process, penalties and disciplinary actions taken by regulators
    • Implications, lessons and key takeaways
    3.30 pm Coffee Break
    3.45 pm Best Practices: Effective Measures and Controls to Prevent Market Misconduct
    • Effective governance, internal control and policies: Building an effective monitoring and surveillance programme
    • The gatekeepers: The roles and responsibilities of personnel
    • Addressing, dealing and escalating market misconduct situations and its challenges
    • Meeting regulatory expectations and requirements on market misconduct
     
    5.00 pm End of Programme
  • Programme Fees

    Normal Price
    RM 950
  • About the speakers

    Raymon Ram

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    Raymon Ram, MSC (Econ. Crime Mgt.), CFE is an advocate against Economic Crime, having published numerous articles and case analyses on the subject matter. He is a Certified Fraud Examiner (CFE) with a Master’s Degree in Economic Crime Management and Bachelor's Degree in Psychology (HONS).
     
    He has led teams to complete corporate fraud investigations/asset recovery exercises and facilitated various anti-fraud courses for the local law enforcement agencies and private sector entities. He had also assisted the National Audit Department, Malaysia to restructure the Audit Investigation Guidelines for state and national level auditors.
     
    Being formerly attached to a firm which deals with Corporate Recovery and Project Rehabilitation, he is the Founder / Managing Principal at Graymatter Forensic Advisory Sdn. Bhd., a solution-based training and advisory specializing in Financial Forensics and Fraud Risk Management.
     
    As a Certified Trainer under the Human Resource Development Fund (HRDF), Raymon is also an appointed trainer for the Securities Industry Development Corporation (SIDC) and frequently facilitates programs related to fraud, bribery and corruption, market misconduct and money laundering for participating organizations under the Capital Market.
     
    He also holds the position of Assist. Secretary General at the Malaysian Association of Certified Fraud Examiners (MACFE) and Executive Council Member at Transparency International Malaysia (TI-M).
     

    Yunos Yusop

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    Mr. Yunos has had over 20 years of experience in the financial industry, which includes working on Risk Management projects/ He has also gained priceless experiences managing and combating internal & external fraud while working with a Retired Deputy Director of CID, Royal Malaysia Police. He was one of the founding members for Group Anti-Money Laundering and Counter Financing Terrorism office for a leading universal banking group in the region. He then served at Fraud Intelligence Department and Forensic Services. He was former Head of Compliance & Head of AML/CFT with a foreign bank in Malaysia. He has trained thousands of employees in the area of AML/CFT & Fraud Mitigation and guest speaker for international conferences & seminars.
     
    In recognition for his efforts for promoting fraud awareness and AML/CFT compliance programme to Malaysian’s Corporations, in 2011, he was appointed as the Research Fellow of Institute of Crime & Criminology (ICC), Help University. Past Member of Fraud Risk Committee, Association Bank-bank Malaysia (ABM) and other fraud committee within the fraternity of financial services. In April 2014, he was appointed as the Secretary to the Compliance Group (CONG), a compliance networking group under Asian Institute of Chartered Bankers and currently member of CONG (until December 2014).  He is currently the Director of Training for Malaysia Association of Certified Fraud Examines (MACFE) and EXCO for Transparency International (TI-M).