In a statement, MAS assistant managing director (policy, payments and financial crime) Loo Siew Yee said the former traders, Ngin Kim Choo and Yeo Jin Lui, had executed a client’s instruction to purchase KS Energy Ltd (KSE) shares to inflate the prices of the shares in the company.
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.
In a statement, MAS assistant managing director (policy, payments and financial crime) Loo Siew Yee said the former traders, Ngin Kim Choo and Yeo Jin Lui, had executed a client’s instruction to purchase KS Energy Ltd (KSE) shares to inflate the prices of the shares in the company.
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