EPF-Is There a BSKL Ruling to Fine it for Churning?

Churning daily to hoodwink?

Company directors of PLCs get fined and reprimanded.

What about the EPF?

It is buying and selling almost always the same counters.

This is definitely churning and trying to create the impression that there is so much volume on the BSKL on some counters.

What I noticed lately is there are a lot of EPF action on Digi.com and YTL Corp.

I think this is very unethical of a large state-owned pension fund to be involved in this.

Already BSKL and the Securities Commission has its shameful closet of ghouls from the indefensible E&O-Sime Darby deal to the  unsupportable listing of Astro that screwed up the investing public's confidence both at home and abroad  by its ridiculously over-rich valuation and allowing cornerstone investors to exit.

The EPF must have someone to direct their buyers to buy certain stocks and not to sell them within the same period.

There must be ORDER in EPF!

It is understandable for the same EPF buyers to trade to make arbitrage profits but certainly downright wrong for some of  EPF buyers to buy and other EPF buyers to sell at the same time. This is churning!

Where is the Commander-in-Chief at EPF?

Apa buat? - twiddling your thumbs?

BSKL-have a re-look at your rules and ensure EPF does not trade against the law to hoodwink innocent investors!