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MAS acts against ex-Maybank staff for insider trading

Anita Gabriel
Published Tue, May 20, 2014 · 10:00 PM
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THE Monetary Authority of Singapore (MAS) has taken civil penalty action against a former Maybank relationship manager for insider trading.

Koh Huat Heng was also a team head in the Affluent Banking Unit of the Singapore branch of the bank, which is Malaysia's largest lender.

On June 18, 2013, he purchased 140,000 shares in Singapore-listed Sin Heng Machinery while in possession of non-public and price-sensitive information concerning the company's intention to undertake a rights-issue exercise, said MAS in a statement.

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