Enforcement Actions
Published Date: 28 June 2022

Individual charged for carrying on fund management without a capital markets services licence

Singapore, 28 June 2022… Ms Lee Ying Hui (“Lee”), was charged today for an offence under the Securities and Futures Act1 (“SFA”).

2 Ms Lee is accused of managing her clients’ portfolio of capital markets products and entering into spot foreign exchange contracts for the purpose of managing her clients’ funds, between 14 December 2017 and 30 June 2020. She was charged under section 82(1) of the SFA for carrying on business in fund management, without holding a capital market services licence granted by the Monetary Authority of Singapore.

3 If convicted of the charge under section 82(1) of the SFA, Ms Lee faces a fine up to $150,000 or imprisonment for a term up to 3 years, or both. 

 



1Securities and Futures Act (Cap. 289, Rev Ed 2006).