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Companies & Markets

Ex-DBS Vickers trader gets 16 weeks' jail for spoofing Singapore stock market

Published Wed, Mar 22, 2017 · 02:00 AM
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[SINGAPORE] Ex-DBS Vickers trader Dennis Tey Thean Yang was sentenced to 16 weeks in prison on Wednesday by a Singapore court for spoofing the securities market in the first case brought jointly by the Monetary Authority of Singapore and white-collar crime police.

Tey, 33, pleaded guilty earlier this month to eight of the 23 charges he faced related to his attempt to artificially move prices through fraudulent securities orders. A broker at DBS Vickers Securities (Singapore) when the offences were committed in late 2012 and 2013, Tey was also charged with misusing other people's trading accounts without consent.

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