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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18 Sep 2013

MAS Imposes Composition Amount of $3,500 on Aapico Hitech Public Company Limited for Contravention of Section 137 of the Securities and Futures Act  [“SFA”]

Securities and Futures Act, Section 137

02 Sep 2013

MAS Reprimands Mr Sandoli Nicola Walter Giuseppe for Contravention of Section 99B(1) of the Securities and Futures Act (CAP. 289) ["SFA"]

Securities and Futures Act, Section 99B(1)

30 Aug 2013

MAS Imposes Composition Amount of $2,000 on CIM Investment Management Limited for Contravention of Section 137 of the Securities and Futures Act  [“SFA”]

Securities and Futures Act, Section 137

30 Aug 2013

MAS Imposes Composition Amount of $2,750 on Credit Suisse Group AG for Contravention of Section 137 of the Securities and Futures Act  [“SFA”]

Securities and Futures Act, Section 137

30 Aug 2013

MAS Imposes Composition Amount of $5,000 on Mr Leong Ka Cheong Christopher of Section 137 for Contravention of Section 137 of the Securities and Futures Act  [“SFA”]


31 Jul 2013

MAS ISSUES REPRIMAND TO EMPIRICAL RESEARCH PTE LTD FOR BREACHES OF THE SECURITIES AND FUTURES (LICENSING AND CONDUCT OF BUSINESS) REGULATIONS (CAP. 289, REGULATION10)

Securities and Futures (Licensing and Conduct of Business) Regulations, Second Schedule, Paragraphs 5(7)(d) (now repealed)

25 Jul 2013

MAS Reprimands Ong First Tradition Pte Ltd for Contravention of Section 82 of the Securities and Futures Act [“SFA”]

Securities and Futures Act, Section 82

24 Jul 2013

MAS Takes Civil Penalty Action and Issues Prohibition Order Against Mr Lee Wee Soon for False Trading and Market Manipulation

Securities and Futures Act, Section 197(1)(b) and Section 198(1)

05 Jul 2013

MAS Reprimands RHB Bank Berhad, Singapore Branch for Contraventions of the Financial Advisers Act (CAP.110) [“FAA”]

Financial Advisers Act, Section 23B(3)(a), Notice on Recommendations on Investment Products ["FAA-N01"], Paragraphs 11 and 15, and Notice on Minimum Entry and Examination Requirements for Representatives of Licensed Financial Advisers and Exempt Financial Advisers ["FAA-N07"], Paragraphs 23 and 27

03 Jul 2013

MAS takes Civil Penalty Enforcement Action Against Oh Kian Guan for Contravening the Law against the Employment of Manipulative and Deceptive Devices and the Requirement to Notify the Securities Exchange of Changes in Shareholdings

Securities and Futures Act, Section 201(b) and Section 137

Last Modified on 26/11/2016