BUT in practise, it will do very little to improve market vibrancy, efficency and participation, especially fresh participation into the markets, due to a trust deficit.
THE word our there is, those inside Bursa Malaysia and not the institution itself can be kaotim either through political pressure or by plain old money.
WHAT, has Bursa Malaysia done to address this trust deficit ? Almost nothing, as the individuals in charge sit in silence, while hoping to make as much hay as possible as long as the sun is shining on them.
CONSIDER the following, the Securities Commission for reasons known only to them slapped a READ: RM3 mil fine on Serba Dinamik, its top executives, instead of pursuing criminal charges against them.
HOW big was the hole in Serba Dinamik anyway? READ : It is RM17.9 billion, almost equal to the losses in 1MDB, yet Najib Razak is in jail but not the people from Serba Dinamik
WHY were they only fined? Despite the official response to it, everyone knows without being able to prove it, that it was a political decision made by the Ismail Sabri administration.
OR how about this one ? READ : mysterious minority investors happily over pay for Revenue Bhd warrants to the tune of 347 per cent.
TODATE , more than RM50 million has gone into Revenue Group Bhd, and nobody knows if this is Santa Clause money, globally wanted terrorist money or international drug rings money?
WHY don't we know who is behind the RM50 million gift to Revenue Group? This time around, we can discount politics, because Anwar Ibrahim won't entertain this type of nonsense, leaving us with the conclusion : MONEY is the ROOT that has blinded and silenced the officials inside Bursa Malaysia.
BEFORE even talking about short selling, how about stop short changing the common investor first???
