Home News Company in the news

MAS and SGX warn investing public on trading in securities incited by online discussion forums

Felicia Tan
Felicia Tan2/2/2021 7:36 PM GMT+08  • 2 min read
MAS and SGX warn investing public on trading in securities incited by online discussion forums
The announcement comes amid heightened interest in GameStop, AMC Entertainment Holdings and BlackBerry.
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

The Monetary Authority of Singapore (MAS) and Singapore Exchange Regulation (SGX RegCo) have warned the investing public to be careful when it comes to trading in securities that are incited by online discussion forms and social media chat groups.

This follows SGX RegCo’s warning issued on Dec 10, 2020, warning the public of “pump and dump” activities that exploit Telegram chats and other social media channels.

The joint announcement on Feb 2 comes as both MAS and SGX RegCo have noted Singaporean investors’ interest in the recent activities in the US markets that are related to GameStop, AMC Entertainment Holdings and BlackBerry.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.