The joint announcement on Feb 2 comes as both MAS and SGX RegCo have noted Singaporean investors’ interest in the recent activities in the US markets that are related to GameStop, AMC Entertainment Holdings and BlackBerry.
The Monetary Authority of Singapore (MAS) and Singapore Exchange Regulation (SGX RegCo) have warned the investing public to be careful when it comes to trading in securities that are incited by online discussion forms and social media chat groups.
This follows SGX RegCo’s warning issued on Dec 10, 2020, warning the public of “pump and dump” activities that exploit Telegram chats and other social media channels.
