MAS fines Credit Suisse S$3.9 million over misconduct
Relationship managers made false statements to clients over bond trades, says regulator
The Monetary Authority of Singapore has imposed a S$3.9 million (US$2.94 million) fine on Credit Suisse for failing to prevent or detect misconduct in over-the-counter bond trading.
Credit Suisse’s Singapore-based relationship managers had provided their clients with “inaccurate or incomplete post-trade disclosures”, the central bank said in a statement on December 28. The MAS said the relationship managers had broken securities law by making false statements to their clients over the prices of
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