CAD Seminar for Securities Houses

The Business Times, CAD Seminar for Securities Houses

AT a time when Singapore shares are scaling record heights, the Commercial Affairs Department (CAD) - the white-collar crime unit of the police - is keen to remind broking houses and traders to trade within the law. To drive home this message, the CAD is organising a seminar titled 'Securities Trading - Avoiding Pitfalls' for securities houses in Singapore next month. The seminar aims to raise awareness of some of the issues facing trading representatives (TRs) in the course of their work, with speakers from the Monetary Authority of Singapore (MAS), Attorney-General's Chambers, Singapore Exchange (SGX) and CAD addressing a range of regulatory, enforcement and prosecution issues relating to securities trading. 'We strongly encourage those in the industry to attend,' said CAD director Tan Siong Thye. 'Trading representatives need to always act in the best interest of their clients and they must do so within the ambit of the law.' Mr Tan noted that in recent years, CAD has prosecuted a number of people for securities market offences, ranging from fraud to insider trading and market rigging. A number of the offenders were trading representatives - who are at the frontline of the securities industry.

Please click here

(472KB) to view article.