MAS penalises former ACE non-exec vice-chairman for insider trading
Singapore
THE Monetary Authority of Singapore (MAS) has imposed a civil penalty of S$336,000 on Singaporean Raphael Tham Wai Mun for insider trading.
Mr Tham, who was the non-executive vice-chairman of ACE, has admitted to contravening the Securities and Futures Act and paid MAS a penalty sum without court action.
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