SINGAPORE (Apr 22): Prosecution witness Ng Kit Kiat, a former OCBC Securities remisier, on Monday admitted to conducting trades on behalf of his clients without third-party authorisation.

Ng is the prosecution’s first witness in the trial of alleged 2013 penny stock crash masterminds John Soh Chee Wen and Quah Su-Ling.

It was revealed during the trial – which resumed this afternoon after nearly a month-long hiatus – that Ng had left OCBC Securities a week ago.

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