Three charged with alleged spoofing of futures market

Singapore

THREE men have been charged in relation to alleged instances of "spoofing" in the Singapore derivatives market, and with allegedly providing false information to the Singapore Exchange (SGX).

The three individuals are Jimmy Ng Kian Bin, 35, who faces five charges; Erik Ng Song Hann, 48, with four charges; and Joseph Chai Ming Leong, 42, with two charges. All three are Singaporeans from Joerik Financial Pte Ltd, a proprietary trading firm and a trading member of the SGX Derivatives Trading (SGX-DT).