Daniel owns an advisory firm, Wise Advisory Sdn. Bhd. providing financial planning services. Recently, Dato' Yong appointed Daniel as his financial planner. Dato' Yong's sister-in-law, Leanne, who is also Daniel's best friend, contacted Daniel to ask about Dato' Yong's financial position. Daniel disclosed the full information of Dato' Yong's financial position to Leanne after receiving a cheque amounting to RM100,000 from Leanne. Daniel's father-in-law, Koh is the founder of K Bhd. Recently, K Bhd. conducted an initial public offering where the shares will be listed on Bursa's Main Market. Daniel's father-in-law requested Daniel to recommend to his clients to buy the shares of K Bhd. and promised to pay him 5% of the shares value for every share subscribed through Daniel. On the other hand, Daniel's wife threatened to divorce him if he did not help her father's company, K Bhd. Due to these, Daniel persuaded most of his clients to subscribe to K Bhd.'s shares without any due diligence being conducted on K Bhd. Not only that, for those clients who have granted Daniel the authority through Power of Attorney to manage their funds, Daniel used all the funds available to subscribe to K Bhd.'s shares. Dato' Yong came to aware of the purchase of K Bhd.'s shares on his behalf. He called up Daniel and scolded Daniel for acting without his consent. Under Clause 5(a) of the Power of Attorney between Daniel and Dato' Yong, it is clearly stipulated that Daniel has no authority to subscribe to any shares offered through initial public offering without first obtaining Dato' Yong's consent