Singapore charges three men in first front-running case

SINGAPORE (Aug 25): Singapore has charged three men with insider trading in the city’s first front-running case.

The men were hit with a total of 333 charges for offenses allegedly committed from April 2007 to May 2014, according to charge sheets filed Thursday by the Monetary Authority of Singapore and the police. Front running is the practice of buying or selling a security using advance knowledge of pending orders to wrongfully benefit from the trade.

The men, who were traders at the time of the alleged offenses, traded in 100 stocks including DBS Group Holdings, Samsung Electronics Co. and Newcrest Mining, according to the charges.

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