MAS, SGX warns on trading-related risks incited by online discussions

This comes amidst speculative activities in the US stock market.

The Monetary Authority of Singapore (MAS) and the Singapore Exchange Regulation (SGX RegCo) have advised the investing public to be on a heightened alert to the risks related to trading in securities incited by online discussion forums and social media chat groups.

In a joint statement, the agencies have noted investor interest in Singapore in recent activities in US markets relating to stocks such as GameStop, AMC Entertainment Holdings, and BlackBerry, with discussions in online websites and platforms suggesting the possibilities for similar speculative activities in the Singapore stock market.

“Investors should make sure they refrain from conduct that could infringe the SFA (Securities and Futures Act). Firm action will be taken against those who breach the SFA or other laws and regulations,” they said.

MAS and SGX RegCo are closely monitoring market activities for signs of false trading or other forms of misconduct. Restrictions may be placed on the trading accounts of those suspected of such misconduct and the relevant securities may be placed under designation or suspension.

Also Read

Daily Markets Briefing: STI up 01.08%; Top stock is DBS

Daily Markets Briefing: STI up 0.63%; Top stock is DBS

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit