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Going after stock manipulators is great but just as vital is for MAS, SGX to foster a vibrant market

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Ben Paul

Ben Paul

Published Tue, Oct 4, 2022 · 05:50 AM
    • The recent conviction of five former remisiers for false trading was a triumph of sorts for MAS.
    • The recent conviction of five former remisiers for false trading was a triumph of sorts for the Monetary Authority of Singapore.
    • The recent conviction of five former remisiers for false trading was a triumph of sorts for MAS. PHOTO: BT FILE
    • The recent conviction of five former remisiers for false trading was a triumph of sorts for the Monetary Authority of Singapore. PHOTO: REUTERS

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    THE Monetary Authority of Singapore (MAS) announced last month that five former remisiers had been convicted of false trading, and slapped with fines as well as jail time.

    It was a triumph of sorts for Singapore’s market regulators, and a display of their effectiveness in going after wrongdoers and having suitably deterrent sentences imposed on them.

    It was also a reminder of the need for broader measures to foster a local market ecosystem that is safe for investors and attractive for securities issuers.

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