MAS to appeal for higher penalties in couple's High Court case

Singapore

THE Monetary Authority of Singapore (MAS) is going to court to seek an increase in penalties handed down to a divorced couple for unauthorised stock trading.

The regulator is challenging sums of as much as S$75,000 ordered by a district judge in March, according to its notice of appeal filed in the Singapore High Court. The punishments are at the low end of the S$50,000 to S$2 million MAS can seek under the city's civil penalty regime.