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Woman charged with running fund management business while unlicensed

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Sharanya Pillai

Sharanya Pillai

Published Tue, Jun 28, 2022 · 04:52 PM
    • If convicted, she faces a fine of up to S$150,000, or imprisonment for a term of up to 3 years, or both.
    • If convicted, she faces a fine of up to S$150,000, or imprisonment for a term of up to 3 years, or both. Bloomberg

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    A WOMAN was charged on Tuesday (Jun 28) with carrying on a business in fund management without a capital market services (CMS) licence granted by the Monetary Authority of Singapore (MAS).

    Lee Ying Hui is accused of managing her clients’ portfolio of capital markets products and entering into spot foreign exchange contracts for the purpose of managing her clients’ funds, between Dec 14, 2017 and Jun 30, 2020.

    She was charged under Section 82(1) of the Securities and Futures Act. If convicted, she faces a fine of up to S$150,000, or imprisonment of up to 3 years, or both.

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    Monetary Authority of Singapore

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