News
MARKETS & INVESTING | Staff Reporter, Singapore
view(s)

MAS seeks to increase penalties in unauthorised trading case

Fines currently imposed are on the low end of the scale.

A Bloomberg report said the Monetary Authority of Singapore is going to court to seek an increase in penalties handed down to a divorced couple for unauthorised stock trading.

The regulator is challenging sums of as much as $75,000 ($53,660) ordered by a district judge in March, according to its notice of appeal filed in the Singapore High Court. The punishments are at the low end of the $50,000 to $2m MAS can seek under the city’s civil penalty regime.

Read the rest of the story here.
https://www.bloomberg.com/news/articles/2017-05-17/court-tussle-in-singa...
 

Do you know more about this story? Contact us anonymously through this link.

Click here to learn about advertising, content sponsorship, events & rountables, custom media solutions, whitepaper writing, sales leads or eDM opportunities with us.

To get a media kit and information on advertising or sponsoring click here.