The Federation of Investment Managers Malaysia has barred two former consultants for one year after they submitted falsified academic certificates.
KUALA LUMPUR: The Federation of Investment Managers Malaysia has reprimanded two former unit trust consultants for misconduct.
FIMM said the individuals breached its consolidated rules by submitting falsified academic certificates during their registration applications.
Both Khor Kar How and Muhammad Hairie Kamis are barred from FIMM registration for one year.
The ban is effective from February 5, 2026.
Khor was a consultant for HSBC Bank Malaysia Bhd, while Hairie worked for Kenanga Investors Bhd.
FIMM’s disciplinary committee considered various mitigating and aggravating factors in each case.
Khor’s misconduct was detected by his former distributor.
Hairie’s falsification was uncovered by FIMM itself.
The federation emphasised the importance of integrity in the registration process.
For more information on unit trust schemes and investor protection, the public can visit www.fimm.com.my.
