Ex-unit trust consultant charged with unlicensed securities activities
A FORMER unit trust and Private Retirement Scheme (PRS) consultant has claimed trial to two charges of carrying out securities-related activities without a licence, the Securities Commission Malaysia (SC) said. Henry Tan Soong Yan, 35, was charged at...
Former unit trust and Private Retirement Scheme (PRS) consultant Henry Tan Soong Yan has pleaded not guilty to two charges of unlicensed securities activities, according to the Securities Commission Malaysia (SC). Tan, 35, faces allegations of conducting securities business and representing Public Bank Berhad without proper licensing.
The charges stem from incidents in Ipoh, Perak, in February 2022 and January to September 2021. Tan appeared at the Ipoh Magistrate’s Court, where he was granted RM10,000 bail with one surety for each charge and ordered to surrender his passport. The SC emphasized that dealing in securities is a regulated activity requiring a license and advised the public to verify the authorization of individuals or entities offering capital market products and services. The case is scheduled for further mention on December 16, 2026.
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