News Formal

Ex-company director sentenced to jail for false trading and deception: MAS

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 28 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 66%

Singapore News News

Singapore Singapore Latest News,Singapore Singapore Headlines

SINGAPORE: A former company director was sentenced to jail and fined for false trading and deception, said the Monetary Authority of Singapore ...

His conviction was a result of a joint investigation conducted by MAS and the Commercial Affairs Department of the Singapore Police Force, following a referral by the Singapore Exchange Securities Trading Limited to MAS, said the authority.

Wong pleaded guilty to seven counts of market manipulation and one count of using a another person's security account for his own trades. The remaining 11 charges were taken into consideration for sentencing.Wong was a director of WLA Regnum from 2007 to 2017. The company's business included advising corporate entities on initial public offerings on the mainboard or catalist board of the SGX-ST.

His trades caused Gaylin's share prices to close 6.5 per cent to 38.6 per cent higher than they would have done otherwise, said MAS.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in SG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

MAS sees continued ‘steady’ recovery in labour market, resident unemployment rate to fall furtherSINGAPORE: Singapore’s labour market is expected to continue recovering “at a steady pace” this year alongside the economy, with “most of the job ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »