KUALA LUMPUR (Dec 23): The Federation of Investment Managers Malaysia (FIMM) has reprimanded five former unit trust scheme (UTS) consultants for their misconduct/breaches of the FIMM’s consolidated rules. Public Mutual Bhd UTS consultants Cheu and Muhamad Khairulanuar were reprimanded for submitting falsified academic certificates in their applications when registering as UTS consultants with the distributor. Krisnan was reprimanded for forging the signatures of three investors on Public Mutual’s investment documents. Both were Public Mutual's UTS consultants at the material time. The FIMM detected Cheu’s misconduct, while current/former distributors detected those of Krisnan, Fadli and Afif.

Source: The Edge Markets December 23, 2025 06:47 UTC