SINGAPORE: The Monetary Authority of Singapore (MAS) has imposed civil penalties and issued prohibition orders (POs) against two former CIMB Securities (S) Pte Ltd trading representatives.
<p><span>The Monetary Authority of Singapore (MAS) has imposed civil penalties on, and issued prohibition orders (POs) against two former trading representatives, Ms Ngin Kim Choo and Mr Yeo Jin Lui, for false trading. Both executed a client’s instructions to purchase KS Energy Ltd (KSE) shares for the purpose of creating a false or misleading appearance with respect to the price of KSE shares.</span></p>
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