Three men were jailed on Wednesday (Jul 10) after making more than S$8 million from insider trading over seven years, the Monetary Authority of Singapore (MAS) said in a media release.
Leong Chee Wai, E Seck Peng Simon and Toh Chew Leong carried out a front-running arrangement over a period of seven years, the court was told.
This is the first case in Singapore of front-running prosecuted as an insider trading offence, which carries a more severe penalty.
‘Enforcement 40’ for 2020
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