SCLE Module 17 Practice Questions - SC Licensing Examination Module 17 - Securities And Derivatives Trading Rules And Regulations (SIDC, Malaysia) Exam

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Under Section 58 of the Capital Markets and Services Act 2007 (CMSA), what is the maximum penalty for an individual convicted of carrying on a regulated activity without holding a valid license or being a registered person?

A fine not exceeding RM100,000 or imprisonment for a term not exceeding 1 year, or both A fine not exceeding RM1,000,000 or imprisonment for a term not exceeding 5 years, or both A fine not exceeding RM10,000,000 or imprisonment for a term not exceeding 10 years, or both A fine not exceeding RM50,000,000, with no option of imprisonment

Correct Answer:

A fine not exceeding RM10,000,000 or imprisonment for a term not exceeding 10 years, or both

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