SINGAPORE (Aug 26): Monetary Authority of Singapore (MAS) has charged three Singaporean men with a total of 333 offences under the Securities and Futures Act in the city’s first-ever case of front-running, according to multiple local news sources.

Front-running is the practice by market makers of buying or selling securities to benefit from advance knowledge of pending orders.

The three men, FSI dealers Leong Chee Wai and Toh Chew Leong, as well as UOB Kay Hian Remisier E Seck Peng Simon, who allegedly committed the offences between July 4, 2007 and Feb 21, 2008.

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