Review on Investigations Department
|Support & Guidance|
|Environment & Location|
|How Rewarding Was It?|
I was assigned to the Investigations Department. I went in not having the slightest of clue of what they did. My first two days there were spent familiarising myself with the Investigation Guidelines and the Capital Markets and Services Act 2007; the Act under which most of the offences we investigated were prosecuted. After this, I was given the main task of my internship by my mentor, which was to produce a full researched report comparing the jurisdictional differences between insider trading laws of 4 different Commonwealth countries. This took up the bulk of my time there. I enjoyed it thoroughly as the SC has a well-equipped library and the subject was very interesting to me. My mentor constantly guided me through my research. In between completing my research, I also helped out with collecting and analysing various forms of evidence in different cases on capital market offences. I was never given any administrative tasks to do throughout my two months there. My mentor made it clear to me from the start that I was training to be a professional and that I would not be given tasks such as photocopying, transcribing or stamping to do. The working culture at the SC was not at all close to being stressful. Most of the staff worked from 9-5. The SC also constantly organised sports competitions at its on-site sports centre, including futsal, badminton and basketball in which interns were free to join. There was also a gym available for us.
This internship definitely met my expectations. My mentor was always available for consultation and was never too busy to stop by to enquire on my progress every once in a while. This internship helped me to understand both how the capital market functioned and how it was regulated effectively. I was glad to read in newspapers that the cases in which I helped out were later successfully prosecuted by the SC.
My mentor was mostly attentive and ensured I gained from the internship.
The internship was too long. The learning curve was steep in the first 2 weeks but plateaued after that. Considering SC's policy of a minimum 2 month internship, it would have been much better if interns were rotated to another department after a period of one month.
This internship is well-suited for those from a background of economics, accounting, finance or law. It would suit anyone who would like to learn more about Malaysian financial and capital markets. An internship with either the investigations or prosecutions department would particularly reward those with a strong sense of justice, who would like to see wrongs put right, and white collar criminals being given their just desserts.