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prohibition orders (POs)
Regulatory Action
MAS issues five-year prohibition against former Nech Capital fund trader
Pan was convicted on April 25, 2023, and sentenced to five weeks’ imprisonment with a fine of $120,000.
September 24, 2024
Regulatory Action
MAS slaps PO against former RHB Securities representative for false trading in Koyo shares
The Monetary Authority of Singapore (MAS) issued a five-year prohibition order (PO) against Chong Yew Mun Alan on Sept 3.
September 03, 2024
Singapore news
MAS issues five-year prohibition order against former DBS representative
The MAS has issued a five-year prohibition order on a former DBS representative.
May 20, 2024
Regulatory Action
MAS slaps 12-year prohibition order against former Manulife Financial Advisers representative for cheating
Ong Ka Yong was sentenced to 47 months’ imprisonment on Sept 4, 2023.
April 22, 2024
Banking & finance
MAS bans former AXA and Aviva representatives and one other person for unlawful sub-agency activities
Of the five, four of them were former representatives with AXA Insurance and Aviva Financial Advisers.
October 19, 2023
Banking & finance
MAS slaps prohibition orders against former insurance agents for cheating
The agents were previously with AIA and Professional Investment Advisory Services.
October 16, 2023
Regulatory Action
MAS imposes 5-year prohibition order on 6 former Great Eastern agents
They reduced their income taxes by $124,6481 for the 2018 and 2019 years of assessment.
June 01, 2023
Financially Savvy
Insurance agent receives PO from financial advisory services for cheating
Former Great Eastern representative Selvarajulu Subramaniam was convicted of four counts of cheating in 2021.
December 14, 2022
Banking & finance
Convicted bank relationship manager slapped with 15-year prohibition order
Han was sentenced to seven years’ imprisonment.
December 07, 2022
Banking & finance
MAS slaps 10-year prohibition orders against former DBS wealth planning manager
The former wealth planning manager, Marcus Loh, had deceived seven clients into transferring $490,000 to his personal bank account
March 18, 2022