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Singapore central bank issues prohibition order against ex-CIMB VP for insider trading


SINGAPORE: The Monetary Authority of Singapore (MAS) has issued a five-year prohibition order (PO) against Alan Tay Yeow Kee, a former vice-president of CIMB Bank Bhd.

The order will prohibit him from carrying out any regulated activities and from taking part in the management, acting as a director or becoming a substantial shareholder of any capital market services firm under the Securities and Futures Act (SFA), said MAS in a statement on Tuesday.

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