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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07 Feb 2012

MAS Reprimands Mr Tan Hwee Huat Ernest for his Breaches of Sections 21(1) and 22(1) of the Financial Advisers Act (CAP. 110) ["FAA"]

Financial Advisers Act, Sections 21(1) and 22(1)

10 Jan 2012

MAS Issues Reprimand to Frontier Wealth Management Pte Ltd for Breach of the Securities and Futures (Licensing and Conduct of Business) Regulations

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

29 Dec 2011

MAS REPRIMANDS GREAT EASTERN FINANCIAL ADVISERS PRIVATE LIMITED FOR CONTRAVENTION OF SECTION 23B(3)(a) OF THE FINANCIAL ADVISERS ACT (CAP. 110) [“FAA”]

Financial Advisers Act, Section 23B(3)(a)

20 Dec 2011

MAS imposes composition amount of $50,000 on UOB Asset Management  Ltd for contraventions of Regulation 40(1) of the Securities and Futures (Licensing and Conduct of Business) Regulations ["SF(LCB)R"]

Securities and Futures (Licensing and Conduct of Business) Regulations, Regulation 40(1)

14 Dec 2011

MAS ISSUES REPRIMAND TO STATE STREET GLOBAL ADVISORS SINGAPORE LIMITED FOR CONTRAVENTION OF SECTIONS 253(1) AND 300(1) OF THE SECURITIES AND FUTURES ACT (Cap. 289) (the "SFA")

Securities and Futures Act, Sections 253(1) and 300(1)

06 Dec 2011

Mr Yao Hongyuan Pays Civil Penalty for Contravening Insider Trading Provision

Securities and Futures Act, Section 218

02 Dec 2011

MAS ISSUES REPRIMAND TO LUMEN ADVISORS PTE LTD FOR BREACH 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, Paragraph 5(7)(d)

30 Nov 2011

MAS TAKES REGULATORY ACTION AGAINST 15 FINANCIAL INSTITUTIONS FOR CONTRAVENTION OF SECTION 23B(3) OF THE FINANCIAL ADVISERS ACT (FAA) AND/OR SECTION 99B(3) OF THE SECURITIES AND FUTURES ACT (SFA)

Financial Advisers Act, Section 23B(3) and Securities and Futures Act, Section 99B(3)

28 Nov 2011

MAS ISSUES REPRIMAND TO MILKIWAY CAPITAL INVESTMENT 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, Paragraph 5(7)(d), and Financial Advisers Regulations, Regulation 37(2)(d)

20 Sep 2011

MAS ISSUES REPRIMAND TO MS CAROLINE VAN DER MEER, FOR MISCONDUCT PURSUANT TO SECTION 72(1) OF THE TRUST COMPANIES ACT (CHAPTER 336) (THE "TCA")

Trust Companies Act (Chapter 336), Section 72(1)

Last Modified on 26/11/2016