UBS fined S$11.2 million by MAS on spread overcharges, transparency issues

15 November 2019 | 2 minutes read

The Monetary Authority of Singapore has fined UBS S$11.2 million (US$8.2 million) over contraventions related to spread overcharges and improper disclosure, following the SFC’s US$51 million fine on Monday. The misconduct found by MAS was similar to that of Hong Kong’s securities regulator, which includes the lack of adherence to spread or interbank prices agreed to by clients, the failure…

To access this content, please click back to the home screen, then click “Menu” (bars in top left bars) and then “Login”.
To enquire for a free trial, please start here.
Need more help? Click here or email [email protected].

Have a confidential tip? Get in touch [email protected]