Former CGS-CIMB broker jailed for manipulating Koyo shares

Singapore

A FORMER CGS-CIMB Securities employee will do jail time for her involvement in manipulating trading in the shares of Catalist-listed Koyo International between August 2014 and January 2016.

Lau Wan Heng, 62, was sentenced to 20 months' imprisonment for one count of engaging in a course of conduct which she knew would be likely to create a false or misleading impression of active trading in the shares under Section 197(1A)(a) of the Securities and Futures Act (SFA).