MAS Issues 5 Year Prohibition Orders against Ex-DBS Vickers Remisier
Monetary Authority of Singapore (MAS) has issued a 5 year prohibition orders against Mr Tey Thean Yang Dennis. Between 2012 to 2013, he had used different trading accounts to enter orders in the underlying securities to affect the price of the Contract for Differences (CFD).
” MAS Issues 5 Year Ban against Ex-DBS Vickers Remisier “
Mr Tey had executed the CFD trade and subsequently removed the orders in the underlying securities. Through these trades, he made a total profit of $30,239. On 22nd March 2017, he was sentenced to a total of 16 weeks’ imprisonment.
Mr Tey will be prohibited for a period of 5 years from performing any regulated activity and being involved as management, director or substantial shareholder of any (SFA) capital market services firm and providing and providing financial advisory services and being involved as management, director or substantial shareholder of any (FAA) financial advisory firm.
He was a remisier with DBS Vickers Securities, and during the period, transacted the CFDs that were offered by IG Asia and CMC Markets.
Source: Official Press Release
Caproasia Platforms:
- TFC Marketplace | Find Private Banks, Family Office Services, Hedge Funds
- Caproasia Jobs | Find jobs in Private Banks, Family Office, Hedge Funds
- Caproasia Access | Your Homepage
- Caproasia.com | You are already here
Caproasia Events & Coverage:
- The 2021 Private Wealth Series
- The 2021 Investment Series
- The 2021 Family Office Series
- The 2021 Investment Outlook
- The 2020 Family Office Series Highlights
- 2021 Upcoming Events
Caproasia.com | The leading financial website for financial professionals, professional investors and HNW investors. Covering capital markets, investments and private wealth in Asia. How do you invest $3 million to $300 million? How do you manage $20 million to $3 billion of assets? Quicklinks: Caproasia Access | TFC | Caproasia | Jobs
