MAS issues five-year prohibition against former Nech Capital fund trader

Douglas Toh09-24

Pan was convicted on April 25, 2023, and sentenced to five weeks’ imprisonment with a fine of $120,000.The Monetary Authority of Singapore (MAS) has issued a five-year prohibition order (PO) against ...

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The trades were conducted in a manner that profited him at the expense of NCPL.\nFor his actions, Pan was convicted on April 25, 2023, of one count of 201(b) of the SFA, with two other counts of section 201(b) of the SFA taken into consideration for the purpose of the sentencing. He was sentenced to five weeks’ imprisonment and a fine of $120,000.\nAccording to the MAS, while Pan no longer works in the industry, the PO was issued to safeguard the integrity of and trust in Singapore’s financial sector.\nSpecifically, under the PO, which takes effect from Sept 24, Pan is prohibited from performing any regulated activity and from taking part in the management, acting as a director, or becoming a substantial shareholder, of any capital markets services firm under the SFA.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2470126164"}