Ex-dealer who made $255k from illegally manipulating prices of SGX stocks gets 9 months’ jail

  • 📰 The Straits Times
  • ⏱ Reading Time:
  • 43 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 63%

المملكة العربية السعودية أخبار أخبار

المملكة العربية السعودية أحدث الأخبار,المملكة العربية السعودية عناوين

It is the biggest reported case of stock market price spoofing detected on the Singapore Exchange.

On Oct 28, Oh Wee Hian was sentenced to nine months in jail in the biggest case of stock market price spoofing detected in SGX.

On Oct 28, Oh, a 46-year-old Singaporean, was sentenced by District Judge Christopher Goh Eng Chiang to nine months in jail in the biggest case of stock market price spoofing detected in SGX. Court papers described how Oh manipulated or spoofed the prices of shares in a series of methodical moves that he took just seconds to execute each time.

He would then switch to his IG Asia account and sell the CFD back to IG Asia at a higher price than what he bought just seconds earlier, pocketing the price difference as profit. Between August 2020 and January 2022, Oh withdrew $175,810 from his CFD trading account at IG Asia and transferred the money into his personal bank accounts at POSB and OCBC.

During sentencing, Deputy Public Prosecutor David Koh asked the State Courts to sentence Oh to between 11 and 14 months’ jail.

 

شكرًا لك على تعليقك. سيتم نشر تعليقك بعد مراجعته.
لقد قمنا بتلخيص هذا الخبر حتى تتمكن من قراءته بسرعة. إذا كنت مهتمًا بالأخبار، يمكنك قراءة النص الكامل هنا. اقرأ أكثر:

 /  🏆 8. in SA

المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

Ex-dealer who made $255k from illegally manipulating prices of SGX stocks gets 9 months’ jailIt is the biggest reported case of stock market price spoofing detected in SGX.
مصدر: straits_times - 🏆 5. / 69 اقرأ أكثر »