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MAS fines insider trader S$9.6m

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Published Wed, Apr 29, 2015 · 09:50 PM

Singapore

THE Monetary Authority of Singapore (MAS) has imposed civil penalties on Lim Oon Cheng and his niece, Lim Huey Yih, for insider trading. Mr Lim has also admitted to false trading.

Mr Lim has agreed to pay a civil penalty of S$9.597 million for insider trading and false trading, while Ms Lim has agreed to pay a civil penalty of S$2.241 million for insider trading.

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