Fraudulently inducing persons to deal in securities 178. (1) A person shall not– 175 (a) by making or publishing any statement, promise or forecast that he knows to be misleading, false or deceptive; (b) by any dishonest concealment of material facts; (c) by the reckless making or publishing, dishonestly or otherwise, of any statement, promise or forecast that is misleading, false or deceptive; or (d) by recording or storing in, or by means of, any mechanical, electronic or other device, information that he knows to be false or misleading in a material particular, induce or attempt to induce another person to deal in securities. (2) In a prosecution for an offence under paragraph (1)(d), in relation to the recording or storing of information, it shall be a defence if the defendant establishes that when the information was recorded or stored, he had no reasonable grounds for expecting that the information would be available to any person. Use of manipulative and deceptive devices 179. It shall be unlawful for any person, directly or indirectly in connection with the subscription, purchase or sale of any securities– (a) to use any device, scheme or artifi ce to defraud; (b) to engage in any act, practice or course of business which operates or would operate as a fraud or deceit upon any person; or (c) to make any untrue statement of a material fact or to omit to state a material fact necessary in order to make the statements, made in the light of the circumstances under which they were made, not misleading
182. A person who contravenes section 175, 176, 177, 178, 179 or 181 commits an offence and shall be punished on conviction to imprisonment for a term not exceeding ten years and to a fi ne of not less than one million ringgit
copied from cmsa pdf you can found on website...zZzzz
Operator like old man will pakat with the company to fry up the stock. Operator will absorb the stock at low price before spread out the news such as got intend to what... got intend develop what new project... when price fry up, Company people and operator will start pump and support a little bit stock to pretend. Ai.... market got a lot of blow water thing. Newbies really need to becareful. This mostly easy happen on penny stock.
Small fishes should be grateful that they make money follow the armada mah. Why complaint so much? These critiques just asking for attention but following & buying behind the scenes. Really idiotic people. LOL
they've to be seen as doing their job, hence issuing that reminder letter to all participating organisations. that's typical la in this boleh land. the key word is to be seen as doing their job..
Precisely, SC are bigger crooks, legalised crooks....Occasionally, put up some statements to justify their big fat pay packets born by the common man of Malaysia
Stockmanmy, HEVEA no pump & dump. Recommending based on pure fundamentals only mah. Solid company like HEVEA doesn't need such dodgy sales pitch. Today HEVEA is in bargain mah so it's best time to buy in! Ha ha!!
HEVEA is the homegrown IKEA of Malaysia!
It's the largest RTA furniture maker in ASIA and selling online too!
Except those giving dividend company, it is understood that someone will win and someone will lose, ie. enter at your own risks. In share market risk is always there.
When market slow and inactive, we say boring. When market active and volatile, we say manipulation. What we want??? No free lunch in this world. Trade at your own risk.
Who say Bursa and SC staff can't buy/sell stocks? I mean sure they have to disclose and maybe have cool down periods/long term holdings, but if they really cannot buy at all that's stupid. To be good enforcers you must be familiar with the system at the very least.
Btw the guys who participate based on speculation and in the end get burned out are not innocent people lah. Those guys are lalang and greedy baskets. I have no sympathy for them.
Beware the manipulators in the market and blogs. They are always around. In a particular forum (not here), these people were very active trapping the uninitiated and the newbies. Look at the old thread on Patimas target price 30 sen. Look at the old thread on Karambunai. Look at the old thread on napshot 40 recommendations. Yes, look at the old thread on GSB too. :-)
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
stockmanmy
6,977 posts
Posted by stockmanmy > 2017-03-21 23:04 | Report Abuse
I think Bursa jealous of Bones.