Bloomberg News

Singapore’s MAS Takes Civil Action Against CIMB Executive

July 01, 2011

July 1 (Bloomberg) -- The Monetary Authority of Singapore has taken civil penalty enforcement action against a CIMB Securities Pte Ltd. executive, according to an e-mailed statement today.

The CIMB employee, who has paid S$50,000 in fines without court action, was the head of business development for corporate broking when he contravened false trading rules, the regulator said.

To contact the editor responsible for this story: Lars Klemming at

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