Singapore regulator jails five brokers for false trading

clock • 3 min read
Singapore regulator jails five brokers for false trading

Monetary Authority of Singapore said on 8 September that  five former remisiers, who worked at firms including DBS, OCBC and Maybank, have been jailed for up to 24 weeks and fined up to S$260,000. The convictions were for false trading in the shares of 55 securities listed on the Mainboard and Catalist of the Singapore Exchange, over 85 occasions between 9 March 2015 and 12 April 2016.  On 4 May 2022, Mr Lim Ming Chit, a former remisier with Phillip Securities Pte Ltd (PSPL), pleaded gu...

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?


More on Regulation