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Five trading reps fined, suspended for creating false market

SGX outlines factors it takes into consideration, saying not all cases lead to regulatory action

Published Tue, Feb 21, 2017 · 09:50 PM

Singapore

THE Disciplinary Committee (DC) of the Singapore Exchange (SGX) has slapped fines ranging from S$35,000 to S$180,000 on five trading representatives (TRs) for their respective roles in the creation of a false market in the trading of Far East Group and Zhongmin Baihui Retail Group (ZMBH).

In its accompanying Regulator's Column, SGX also said the market…

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