KUALA LUMPUR: The Securities Commission (SC) has imposed conditions and restrictions on the activities of SJ Asset Management Sdn Bhd arising from concerns over clients' assets and integrity of records maintained by the company.
'The conditions and restrictions include prohibiting SJ Asset Management from soliciting new mandates and the requirement to maintain and preserve all records in relation to clients' trades and payments,' the regulator said in a statement on Tuesday, June 29.
It appointed BDO Consulting Sdn Bhd as the independent adviser to examine, audit and report on SJ's books, accounts and records.
'The conditions and restrictions include prohibiting SJ Asset Management from soliciting new mandates and the requirement to maintain and preserve all records in relation to clients' trades and payments,' the regulator said in a statement on Tuesday, June 29.
It appointed BDO Consulting Sdn Bhd as the independent adviser to examine, audit and report on SJ's books, accounts and records.
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