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Securities and Futures Act (SFA)
Regulatory Action
Oon Yun Cong sentenced to imprisonment and fine for fraudulently inducing others to trade under SFA
Oon was sentenced to 16 months in jail. He was also slapped with a $12,105.70 fine.
October 10, 2024
Regulatory Action
Former KTL Global CEO Tan Kheng Yeow sentenced to eight months’ imprisonment for false trading
Tan still faces two other charges of cheating and dishonesty including inducing delivery of property.
August 28, 2024
Funds
Court convicts former fund manager for defrauding investors
On April 11 Court convicted former fund manager for defrauding investors
July 02, 2024
Finance
GEH-OCBC offer update: no requirement to announce level of acceptances
Under SFA, there is no requirement for OCBC to announce level of acceptances for GEH
June 14, 2024
Company in the news
Individuals jailed for insider trading in the shares of Broadway Industrial Group and other offences
All three parties have since paid their share of profits to the state.
April 14, 2023
Company in the news
Hyflux's former CEO, CFO and independent directors charged with offences under SFA and CA
DBS Bank was also probed for its role as issue manager in Hyflux's 2011 fundraising but no further action will be taken
November 17, 2022
Banking & finance
MAS imposes civil penalty and issues prohibition orders against former UOB Kay Hian trading rep
The civil penalty was paid without court action while the POs took effect on Aug 18.
August 18, 2022
News
Woman convicted and fined $20,000 for carrying on fund management without licence
Lee Ying Hui was charged under section 82 of the Securities and Futures Act (SFA).
July 15, 2022
Regulatory Action
MAS issues POs and takes civil penalty action on former CIMB Securities traders for false trading of KS Energy shares
The POs were related to the false trading that inflated shares in KS Energy.
April 25, 2022
Singapore economy
Briefs: GST hike needed for 'better Singapore for tomorrow'; former Midas CEO charged
In other news, investments in Singapore’s FinTech industry hit five-year high in 2021 at US$3.94 billion, says KPMG.
February 10, 2022