MARKETS & INVESTING | Staff Reporter, Singapore

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.

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