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25-04-2016, 01:00 AM
An honorable member of the Coffee Shop Has Just Posted the Following:
http://www.straitstimes.com/business...s-act-breaches (http://www.straitstimes.com/business/companies-markets/mas-cad-investigating-broking-firms-for-possible-securities-act-breaches)
MAS, CAD investigating broking firms; SGX reports insider trading, market manipulation in Q1
The Monetary Authority of Singapore and the Commercial Affairs Department are investigating several broking firms and trading representatives for possible contraventions of the Securities and Futures Act. PHOTO: AFP
PUBLISHEDAPR 22, 2016, 10:11 AM SGTUPDATEDAPR 22, 2016, 11:11 AM
FACEBOOK470TWITTERWHATSAPPEMAIL
Aaron LowDeputy Business Editor
SINGAPORE - The Monetary Authority of Singapore (MAS) and the Commercial Affairs Department (CAD) are investigating broking firms for possible breaches of the Securities and Futures Act, MAS said on Friday (April 22)
Separately on Friday, the Singapore Exchange (SGC) said that "in the January to March quarter, we referred nine cases to MAS of which three were related to insider trading and six to market manipulation", Bloomberg reported.
MAS and CAD raided at least four broking houses on Monday, including DBS Vickers, Maybank Kim Eng, OCBC Securities and Philip Securities, the Business Times reported earlier on Friday.
SEE WHO IS TALKING ABOUT SGX
0:56 AM - 25 Apr 2016
Last 30 days: TWEETS:889BLOGS:12NEWS:303
CLICK TO READ MESSAGES
Mar 30
Apr 04
Apr 09
Apr 14
Apr 19
Apr 24
0
100
200
30 days avg
HOT COMPANIES (messages)*:
CapitaLand Commercial +42%SGX +11%OCBC Bank +3%Genting Singapore +0%UOL Group Ltd +0%Singapore Airlines -4%Sembcorp Marine -5%Ascendas Reit -8%CapitaMall Trust -8%CapitaLand Commercial +42%SGX +11%OCBC Bank +3%Genting Singapore +0%UOL Group Ltd +0%Singapore Airlines -4%Sembcorp Marine -5%Ascendas Reit -8%CapitaMall Trust -8%
White collar investigators had visited these offices to take people in for question along with other items, the report said.
"The Monetary Authority of Singapore and the Commercial Affairs Department of the Singapore Police Force are jointly investigating possible contraventions of the Securities and Futures Act (Cap. 289) and have obtained documents and items from several broking firms and trading representatives. As investigations are ongoing, we are not able to provide further information" said an MAS spokesman on Friday.
*
Among other things, the Securities and Futures Act governs institutions' and individuals' activities in the public markets.
One trader believes that the authorities are stepping up monitoring and enforcement following the October 2013 penny stock crash.
"In recent months there were a number of counters collapsing spectacularly and obviously people have gotten hurt," he said, declining to be named.
"In most cases the underlying company fundamentals have changed little. This is perhaps suggesting that the counters have been played up."
TOPICS:*SINGAPORE
Click here to view the whole thread at www.sammyboy.com (http://www.singsupplies.com/showthread.php?228637-Ass-Loong-Son-s-first-world-Financial-Hub-full-of-Dirty-Frauds&goto=newpost).
http://www.straitstimes.com/business...s-act-breaches (http://www.straitstimes.com/business/companies-markets/mas-cad-investigating-broking-firms-for-possible-securities-act-breaches)
MAS, CAD investigating broking firms; SGX reports insider trading, market manipulation in Q1
The Monetary Authority of Singapore and the Commercial Affairs Department are investigating several broking firms and trading representatives for possible contraventions of the Securities and Futures Act. PHOTO: AFP
PUBLISHEDAPR 22, 2016, 10:11 AM SGTUPDATEDAPR 22, 2016, 11:11 AM
FACEBOOK470TWITTERWHATSAPPEMAIL
Aaron LowDeputy Business Editor
SINGAPORE - The Monetary Authority of Singapore (MAS) and the Commercial Affairs Department (CAD) are investigating broking firms for possible breaches of the Securities and Futures Act, MAS said on Friday (April 22)
Separately on Friday, the Singapore Exchange (SGC) said that "in the January to March quarter, we referred nine cases to MAS of which three were related to insider trading and six to market manipulation", Bloomberg reported.
MAS and CAD raided at least four broking houses on Monday, including DBS Vickers, Maybank Kim Eng, OCBC Securities and Philip Securities, the Business Times reported earlier on Friday.
SEE WHO IS TALKING ABOUT SGX
0:56 AM - 25 Apr 2016
Last 30 days: TWEETS:889BLOGS:12NEWS:303
CLICK TO READ MESSAGES
Mar 30
Apr 04
Apr 09
Apr 14
Apr 19
Apr 24
0
100
200
30 days avg
HOT COMPANIES (messages)*:
CapitaLand Commercial +42%SGX +11%OCBC Bank +3%Genting Singapore +0%UOL Group Ltd +0%Singapore Airlines -4%Sembcorp Marine -5%Ascendas Reit -8%CapitaMall Trust -8%CapitaLand Commercial +42%SGX +11%OCBC Bank +3%Genting Singapore +0%UOL Group Ltd +0%Singapore Airlines -4%Sembcorp Marine -5%Ascendas Reit -8%CapitaMall Trust -8%
White collar investigators had visited these offices to take people in for question along with other items, the report said.
"The Monetary Authority of Singapore and the Commercial Affairs Department of the Singapore Police Force are jointly investigating possible contraventions of the Securities and Futures Act (Cap. 289) and have obtained documents and items from several broking firms and trading representatives. As investigations are ongoing, we are not able to provide further information" said an MAS spokesman on Friday.
*
Among other things, the Securities and Futures Act governs institutions' and individuals' activities in the public markets.
One trader believes that the authorities are stepping up monitoring and enforcement following the October 2013 penny stock crash.
"In recent months there were a number of counters collapsing spectacularly and obviously people have gotten hurt," he said, declining to be named.
"In most cases the underlying company fundamentals have changed little. This is perhaps suggesting that the counters have been played up."
TOPICS:*SINGAPORE
Click here to view the whole thread at www.sammyboy.com (http://www.singsupplies.com/showthread.php?228637-Ass-Loong-Son-s-first-world-Financial-Hub-full-of-Dirty-Frauds&goto=newpost).