Tay maintained three margin trading accounts between Aug 7, 2018 and Aug 21, 2019, in which the shares of KOP made up the bulk of the collateral pledged by Tay in these accounts.
A shareholder was sentenced to jail for four weeks for the false trading in the shares of Catalist-listed KOP (SGX:5I1
) Limited under the Securities and Futures Act (SFA).
Tay Ming Hin pleaded guilty to one charge under section 197(1)(b) of the SFA for creating a misleading appearance with respect to the price of KOP’s shares on 79 occasions.
