SINGAPORE (Jan 22): Joint investigations conducted by the Monetary Authority of Singapore (MAS) and the Commercial Affairs Department (CAD) of the Singapore Police Force have yielded a second conviction for market misconduct.

On Jan 19, Mok Piak Liang was sentenced to four months’ imprisonment after pleading guilty to four of the 13 charges for false trading with the remaining nine charges taken into account by the court in its sentencing.

The first conviction from joint investigations by MAS and CAD on market misconduct was made on March 22, 2017, when ex-DBS Vickers trader Dennis Tey Thean Yang was sentenced to a total of 16 weeks’ imprisonment for attempting to defraud two Contracts for Differences (CFD) providers, IG Asia and CMC Markets Singapore.

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