Securities and Futures Act (SFA)

All three parties have since paid their share of profits to the state.

DBS Bank was also probed for its role as issue manager in Hyflux's 2011 fundraising but no further action will be taken

The civil penalty was paid without court action while the POs took effect on Aug 18.

Lee Ying Hui was charged under section 82 of the Securities and Futures Act (SFA).

The POs were related to the false trading that inflated shares in KS Energy.

In other news, investments in Singapore’s FinTech industry hit five-year high in 2021 at US$3.94 billion, says KPMG.

If convicted, Goh faces imprisonment for a term which may extend to a maximum of seven years, or a fine of up to $250,000, or both

The four persons are among the eight individuals charged for offences related to false trading in the shares of Koyo International

Sun is accused of selling two bonds at lower than market prices from the fund to another fund

“We should get used to the fact that China is going to keep growing and become stronger and we have to figure out a way to work with them while protecting our industries and protecting our country militarily.” - Michael Bloomberg