A MAN has been charged under the Securities and Futures Act (SFA) for fraudulently inducing others to deal in shares using Telegram, announced the Monetary Authority of Singapore (MAS) on Wednesday (Feb 9).

Kenneth Goh Jia Poh allegedly made false statements in 2 Telegram chat groups to induce others to trade in multiple securities on the Singapore Exchange (SGX) between July and August 2020.

He is also accused of engaging in a conspiracy with another person to make similar false statements in the same chat groups. MAS said its investigation into the second person is ongoing.