Five trading reps fined, suspended for creating false market
SGX outlines factors it takes into consideration, saying not all cases lead to regulatory action
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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