MAS Enforcement Actions

MAS issues 2-year prohibition order against Jimmy Ling

The Monetary Authority of Singapore (MAS) has issued a 2-year prohibition order against Jimmy Ling Xiao Ting, a former representative of Manulife Financial Advisers Pte. Ltd. This action follows his conviction for forgery and abetting unauthorized access to computer material.

MAS Issues 7-Year Prohibition Order Against Former Fund Manager

The Monetary Authority of Singapore (MAS) has issued a 7-year prohibition order against Mr Sun Weiyeh, a former fund manager. The order follows his conviction for defrauding investors in a fund he managed, resulting in a loss of US$342,500.

MAS Fines Eurofin Investments $70,000 for Regulatory Breaches

The Monetary Authority of Singapore (MAS) has fined Eurofin Investments Pte Ltd (EIPL) $70,000 for breaches of the Securities and Futures Act and Regulations. MAS also issued a one-year Prohibition Order against EIPL's former CEO, Mr. Dotta, and a reprimand against the former Chief Risk Officer, Mr. Schappler.