Man jailed under securities Act for false statements to induce trading
The Straits Times|October 12, 2024
Using social media and messaging platforms to tout shares may lead to a possible breach of the Securities and Futures Act (SFA).

On Oct 10, Oon Yun Cong, 35, was given a 16-month jail term and fined $12,105 under the SFA for inducing others to deal in shares.

He had pleaded guilty to two charges under Section 200(1)(a) of the SFA of making false statements to induce others to trade. Another charge under the same section was taken into consideration for sentencing.

This story is from the October 12, 2024 edition of The Straits Times.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

This story is from the October 12, 2024 edition of The Straits Times.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

MORE STORIES FROM THE STRAITS TIMESView All
Team Singapore athletes at Paris Games honoured in Parliament
The Straits Times

Team Singapore athletes at Paris Games honoured in Parliament

Olympians and Paralympians 'fought hard in the toughest of arenas', says minister

time-read
3 mins  |
October 17, 2024
The Straits Times

NTUC central committee unaware of capital reduction plan: Desmond Tan

The labour movement's central committee did not know of the plan to return $1.85 billion to shareholders under the Allianz-Income deal before it was mentioned in Parliament on Oct 14, said NTUC deputy secretary-general Desmond Tan.

time-read
3 mins  |
October 17, 2024
MPs raise concerns over info sharing, investor confidence
The Straits Times

MPs raise concerns over info sharing, investor confidence

16 MPs speak for four hours on Bill to halt Allianz's planned offer for Income Insurance

time-read
3 mins  |
October 17, 2024
The Straits Times

New in Oct BTO launch: 'White flats', additional subsidies

The Oct 16 Build-To-Order (BTO) launch will feature several changes that will affect home buyers, including a new way of classifying flats, more options for singles and new open-concept \"white flats\".

time-read
2 mins  |
October 17, 2024
Talent, tourists, new hubs: John Lee lays out ambitious HK revival plan
The Straits Times

Talent, tourists, new hubs: John Lee lays out ambitious HK revival plan

Given the myriad priority areas, analysts wonder if his economic measures lack focus

time-read
4 mins  |
October 17, 2024
The Straits Times

Prime, Plus flats launched with 6% to 9% subsidy clawback clause

They are among 8,573 homes offered for sale under new flat classification system

time-read
4 mins  |
October 17, 2024
The Straits Times

Parliament passes Bill enabling Govt to block Allianz-Income deal

The minister in charge of Singapore's financial regulator will have powers to block deals involving insurers that are run or substantially owned by cooperatives after Parliament passed new laws on Oct 16.

time-read
4 mins  |
October 17, 2024
K-pop boy band Riize's Seunghan leaves two days after return
The Straits Times

K-pop boy band Riize's Seunghan leaves two days after return

SEOUL - Just two days after announcing that he was rejoining K-pop boy band Riize, South Korean singer Seunghan (right) said on Oct 14 that he is leaving the group.

time-read
1 min  |
October 16, 2024
Stefanie Sun's concert tour kicks off in 2025
The Straits Times

Stefanie Sun's concert tour kicks off in 2025

The decade-long wait for fans of Stefanie Sun will be over soon.

time-read
1 min  |
October 16, 2024
Theatre actor Shahid Nasheer hailed as bright talent of his generation
The Straits Times

Theatre actor Shahid Nasheer hailed as bright talent of his generation

Theatre actor Shahid Nasheer died on the evening of Oct 14 at Gleneagles Hospital, following complications while being treated for leukaemia. He was 28.

time-read
1 min  |
October 16, 2024