KUALA LUMPUR: The Federation of Investment Managers Malaysia (FIMM) has issued a public reprimand against a former Unit Trust Scheme (UTS) and Private Retirement Scheme (PRS) consultant for her misconduct/breach of FIMM’s Code of Ethics (FIMM’s Code).

In a statement today, FIMM said Evangeline Rajamani Lazaroo, who was at the material time, a UTS and PRS consultant of Public Mutual Bhd, was found to have breached Paragraphs 4.1(a) and 4.3(c) of FIMM’s Code for misleading an investor into depositing RM40,000 on March 21, 2022, into her UTS investment account, which was meant for the investor’s UTS investment with Public Mutual.