THE Monetary Authority of Singapore has slapped prohibition orders on three individuals who worked for separately for HSBC, UOB and NTUC Income after their convictions in court for offences involving fraud and dishonesty, it announced on Wednesday.
She is prohibited from providing any capital markets and financial advisory services; and also partaking in the management, directorship or being a substantial shareholder of any capital market and financial advisory services firm under the Securities and Futures Act and Financial Advisers Act . Lastly, Koh Zhan Loong John, formerly a financial associate with NTUC Income, was banned for 10 years for misappropriating insurance premiums amounting to around S$500,000 from 11 customers.
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