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4 people prohibited from providing financial advisory services after false trading of Koyo International shares
A view of the Monetary Authority of Singapore s headquarters in Singapore on Jun 28, 2017. (File photo: REUTERS/Darren Whiteside)
03 Mar 2021 02:52PM (Updated:
03 Mar 2021 03:00PM) Share this content
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SINGAPORE: The Monetary Authority of Singapore (MAS) on Wednesday (Mar 3) said it has prohibited four people from providing any financial advisory services after their convictions over a false trading scheme.
They are: Lau Wan Heng, a former remisier of CGS-CIMB Securities (Singapore); Yeo An Lun, a former representative of Prudential Assurance Company Singapore; Rayson Goh Qi Rui, a former remisier of OCBC Securities; and Teo Boon Cheang, a former remisier of KGI Securities (S
How New P2P Regulations Make the Industry Safer for Investors in Southeast Asia
December 10, 2020 @ 1:50 pm By Milena Naitoh
Digital lending platforms have made strong inroads in Southeast Asia over the past few years. In 2016 alone, peer-to-peer (P2P) business lending generated US$115.01 million more than half of Southeast Asia’s total alternative financing market that year.
This growth can be attributed to a combination of two factors:
A high mobile penetration rate of 133%, with some people having two phones (or SIM cards) or more
A massive funding gap, where micro, small, and medium-sized enterprises (MSMEs) have unmet financing needs amounting to US$300 billion, despite the fact that small businesses account for 40% of Southeast Asia’s gross domestic product (GDP) and 70% of the region’s workforce, according to a Deloitte report