Singapore regulator bans and fines former UOB broker for false trading

Mark Battersby
clock • 2 min read

The Monetary Authority of Singapore has banned and fined a broker S$100,000 ($72,000) for false and unauthorised trading which inflated a stock's price. The MAS imposed the civil penalty issued prohibition orders (POs) against Ms Chua Kah Boey who it said had committed false trading by executing a client's instructions to purchase Gaylin Holdings Ltd (GHL) shares for the purpose of creating a misleading appearance with respect to the price of the shares. She also committed unauthorised trading by executing a third party's trading instructions through two other trading accounts without...

To continue reading this article...

Join International Investment

Join International Investment today

Unlock members-only benefits:

  • Unlimited access to real-time news, industry insights, video features and market intelligence
  • Stay ahead of the curve with spotlights on international financial centres, regional trends international advice and global industry leaders
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Hear the latest cross jurisdictional developments in wealth planning, tax, regulation, investing, retirement and protection
  • Members-only access to the Editor’s weekly news roundup newsletter
  • Members-only access to analysis via our exclusive industry polls
  • Be the first to hear about our events and awards programmes

Join now


Already a International Investment member?