MAS slaps ban on 3 Singaporeans jailed for insider trading

Pedro Gonçalves
clock • 2 min read

The Monetary Authority of Singapore (MAS) has issued 13-year and 15-year prohibition orders (POs) against three traders who were earlier convicted of insider trading for running an illegal share trading scheme that netted them more than S$2m each. E Seck Peng Simon and Leong Chee Wai are banned from performing any regulated activity under the Securities and Futures Act (SFA) for 15 years, MAS said. Toh Chew Leong was given a ban of 13 years. They are also banned from taking part in the management, acting as a director or becoming a substantial shareholder of any capital market service...

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