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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13 Jan 2014

MAS Reprimands TMF Trustees Singapore Limited for Contravention of Section 30(1)(b) of the Trust Companies Act (Cap. 336) ["TCA"] and Regulation 19(2)(a) of the Trust Companies Regulations ["TCR"]

Trust Companies Act, Section 30(1)(b) and Trust Companies Regulations, Regulation 19(2)(a)

08 Jan 2014

MAS Reprimands Newedge Financial Singapore Pte Ltd for Contravention of Regulation 18 of the Securities and Futures (Licensing and Conduct of Business) Regulations [“SF(LCB)R”]

Securities and Futures (Licensing and Conduct of Business) Regulations, Regulation 18

20 Dec 2013

MAS Imposes a Composition Amount of $15,000 on Elpis Financial Pte Ltd for Contravention of Section 13(1) of the Financial Advisers Act ["FAA"]


20 Dec 2013

MAS Imposes a Composition Amount of $5,000 on Mr Imran bin Eunos for Contravention of Section 7(1) of the Financial Advisers Act [“FAA”]


06 Dec 2013

MAS Imposes Composition Amount of $5,000 on Melewar Equities (BVI) Ltd for Contravention of Section 137 of the Securities and Futures Act  [“SFA”]


19 Nov 2013

MAS takes Civil Penalty Enforcement Action against Ng Yu Jin for Contravening Law against Employment of Manipulative and Deceptive Devices

Securities and Futures Act, Section 201(b)

19 Nov 2013

MAS takes Civil Penalty Enforcement Action against Phua Lay Leng for Insider Trading

Securities and Futures Act, Section 218(2)(a)

07 Nov 2013

MAS Reprimands Mr Koji Yamamoto for Contravention of Section 99B(1) of the Securities and Futures Act (CAP. 289) [“the SFA”]

Securities and Futures Act, Section 99B(1)

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)

26 Jul 2012

MAS Reprimands The Great Eastern Life Assurance Company Limited for Contravention of (1) Paragraph 23 of the Notice on Minimum Entry and Examination Requirements for Representatives of Licensed Financial Advisers and Exempt Financial Advisers ["FAA-N07"]; and (2) Paragraph 14 of the Notice on Minimum Entry and Examination Requirements for Representatives of Licensed Financial Advisers and Exempt Financial Advisers ["FAA-N13"]

Notice on Minimum Entry and Examination Requirements for Representatives of Licensed Financial Advisers and Exempt Financial Advisers ["FAA-N07"], Paragraph 23, and Notice on Minimum Entry and Examination Requirements for Representatives of Licensed Financial Advisers and Exempt Financial Advisers ["FAA-N13"], Paragraph 14

Last Modified on 26/11/2016