Ten arrested in first of a kind joint Singapore and HK swoop on financial scammers

Mark Battersby
clock • 2 min read

Hong Kong's Securities and Futures Commission and the Monetary Authority of Singapore, together with both jurisdiction's police forces, undertook a first of its kind joint operation into a syndicate suspected of operating pump-and-dump scams on stocks listed on the Hong Kong Stock Exchange. Six senior executives of three listed companies were among 10 people arrested in connection with the cross-border syndicate, the Hong Kong Standard reported. More than 100 officers of the Securities and Futures Commission and over 80 police officers raided 47 premises across the city on 15 December...

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