MAS to appeal for higher penalties in couple's High Court case
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Singapore
THE Monetary Authority of Singapore (MAS) is going to court to seek an increase in penalties handed down to a divorced couple for unauthorised stock trading.
The regulator is challenging sums of as much as S$75,000 ordered by a district judge in March, according to its notice of appeal filed in the Singapore High Court. The punishments are at the low end of the S$50,000 to S$2 million MAS can seek under the city's civil penalty regime.
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