Enforcement Actions

Information on formal regulatory and enforcement actions taken by MAS for breaches of the Securities and Futures Act (Cap. 289), the Financial Advisers Act (Cap. 110) and the Insurance Act (Cap. 142) is published on this page. The information will remain on this page for a period of five years from the date of publication except for prohibition orders which are still in force after the expiry of the five year period. Information on such prohibition orders will remain on this page until they cease to be in force.

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28 Dec 2012

MAS Reprimands Aon Consulting (Singapore) Pte Ltd for Contravention of Section 23B(3)(a) of the Financial Advisers Act ("FAA") and Regulation 37(1)(b) of the Financial Advisers Regulations ("FAR")

Financial Advisers Act, Section 23B(3)(a), and Financial Advisers Regulations, Regulation 37(1)(b)

04 Dec 2012

MAS Takes Civil Penalty Enforcement Action Against Mr Goh Ing Sing and Mr Keu Haw Gee for Insider Trading

Securities and Futures Act, Section 219(2)(a)

29 Nov 2012

MAS Imposes Composition Amount of S$2,600.00 on finexis advisory Pte Ltd for Contravention of Section 48(1)(b) of the Financial Advisers Act (Cap. 110) ["FAA"]

Section 48(1)(b), Financial Advisers Act (Cap. 110)

29 Nov 2012

MAS Issues Prohibition Order Against Tan Chong Koay for Contravening False Trading Provision

Securities and Futures Act, Section 197(1)(b) 

20 Nov 2012

MAS Reprimands Wintrust Asia Pacific Pte Ltd for Breach of Section 30(1)(b) of the Trust Companies Act (Cap. 336) [“TCA”]

Section 30(1)(b) of the Trust Companies Act (Cap. 336)

17 Oct 2012

MAS Reprimands Hupomone Capital Partners Singapore Pte Ltd for Breaches of the Securities and Futures (Licensing and Conduct of Business) Regulations (Cap. 289, Regulation 10)

Securities and Futures (Licensing and Conduct of Business) Regulations, Second Schedule, Paragraphs 5(7)(d) (now repealed)

12 Oct 2012

MAS Reprimands Professional Investment Advisory Services Pte Ltd for Contravention of Section 13(1) of the Financial Advisers Act (CAP. 110) [“FAA”]

Financial Advisers Act, Section 13(1)

04 Oct 2012

MAS Imposes Composition Amount of $56,250 on NTUC Income Insurance Co-operative Limited for Contravention of MAS Notice 211 on Minimum and Best Practice Training and Competency Standards for Direct General Insurers

MAS Notice 211

03 Oct 2012

MAS Reprimands Creative Asset Management Pte Ltd for Breaches of the Securities and Futures (Licensing and Conduct of Business) Regulations (Cap. 289, Regulation 10)

Securities and Futures (Licensing and Conduct of Business) Regulations, Second Schedule, Paragraphs 5(7)(d) (now repealed)

02 Oct 2012

MAS Reprimands CGIM Pte Ltd for Breaches of the Securities and Futures (Licensing And Conduct Of Business) Regulations (Cap. 289, Regulation 10) and Financial Advisers Regulations (Cap. 110, Regulation 2)

Securities and Futures (Licensing and Conduct of Business) Regulations, Second Schedule, Paragraphs 5(7)(d) (now repealed) and 7(6)(d), and Financial Advisers Regulations, Regulation 37(2)(d)

Last Modified on 26/11/2016