Source of article: The Strait Times
Writing credits: Grace Leong
The (1) unprecedented and arguably the longest custodial sentence in the history of Singapore meted out to John Soh and Quah Su-Ling by the High Court for market manipulation and (2) the recent ban imposed on UOB Kay Hian by SGX Regco for business conduct compliance failures in breach of the Securities and Futures (Licensing and Conduct of Business) Regulations, and anti-money laundering and countering the financing of terrorism requirements, underscores the robustness of Singapore’s law enforcement against egregious market misconduct.
Singapore will not flinch or cringe in using a heavy stick to deal with all errant persons to protect the integrity of its stock market.
My views on the above recent cases are respectively published by the Singapore Straits Times and the Singapore Business Times on 29 December 22.
Penny stock crash mastermind John Soh gets 36 years’ jail, Quah Su-Ling sentenced to 20 years https://lnkd.in/gddHhJJG
UOB Kay Hian’s ban from IPO, RTO sponsor activities significant but unsurprising: market watchers
https://lnkd.in/gzxbtWZh
My post from LinkedIn is here.