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MAS imposes bigger penalties in unauthorised trading case

Bloomberg Published on Wed, Nov 01, 2017 / 8:46 AM GMT+8

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(Nov 1): The Monetary Authority of Singapore secured bigger penalties for a divorced couple’s unauthorised share trading.

See: MAS takes civil penalty action against divorced couple for unauthorised trading

The regulator had appealed a lower court’s decision which ordered Wang Boon Heng and his ex-wife to pay $75,000 and $50,000 respectively for flouting the city’s share trading rules. MAS sought at least double the initial penalties, sums which the duo’s lawyer Robert Raj called excessive.