KUALA LUMPUR, Aug. 1 -- The Securities Commission Malaysia (SC) has reprimanded and fined former Kenanga Investors Berhad (KIB) unit trust consultant Amran Mohd Amin RM687,500 for three violations of securities laws. The SC's decisions took effect on 26 June 2024.

According to a statement released by the SC today, Amran had misappropriated the RM215,000 from four potential investors who wanted to invest in a unit trust fund with KIB between January 2022 and January 2023.

"The SC found that Amran had instead utilised the potential investors' funds by depositing them in his own unit trust investment account," it said in a statement today.

The SC said Amran had also given falsified statements of accounts to two of the investors, which gav...