31 May '11, 1am

Trader admits to stock market manipulation: ST PHOTO: WONG KWAI CHOW A TRADER pleaded guilty on Monday to manipu...

Trader admits to stock market manipulation: ST PHOTO: WONG KWAI CHOW A TRADER pleaded guilty on Monday to manipu...

Sim Tee Yang, who is out on bail of $100,000, pleaded guilty to four charges of market manipulation. He will be sentenced on June 21. -- ST PHOTO: WONG KWAI CHOW A TRADER pleaded guilty on Monday to manipulating the stock market. Sim Tee Yang had access to real-time data, including bids and asking prices, through his job with CIMB-GK Securities. He used this information to quickly sell large quantities of a certain share. This pushed down the price of warrants, which are financial products linked to shares. Sim snapped up the warrants at the lower price. He then pushed their value back up by buying shares, and sold the warrants for a profit. The 44-year-old worked as a proprietary trader for the securities firm, a district court heard. This means he was trading with the company's money as opposed to customers'. Profits would be shared equally between him and his employer. ...

Full article: http://www.straitstimes.com/BreakingNews/Singapore/Story/...

Tweets

Trader used real-time data to manipulate stock market

Trader used real-time data to manipulate stock ...

thecourtroom.stomp.com.sg 31 May '11, 7am

Trader used real-time data to manipulate stock market 31 May 2011 SOURCE: The Straits Times A TRADER pleaded guilty yester...

Singapore Stock Market Updates On 31/5/11: Japa...

forums.vr-zone.com 31 May '11, 11am

Japan stocks lead Asia up after two straight sessions of losses amid signs that industrial production may improve. Hong Ko...

Stock market outlook robust despite current downtrend: Experts: Mumbai, May 29 (PTI) The downtrend in the Indian...

Stock market outlook robust despite current dow...

sg.news.yahoo.com 29 May '11, 6am

Mumbai, May 29 (PTI) The downtrend in the Indian stock market, caused by factors like steaming crude prices, high inflatio...

Stock Chart: IndoAgri, Noble Grp!

Stock Chart: IndoAgri, Noble Grp!

singstocks.com 01 Jun '11, 2pm

On Wednesday, IndoAgri re-test the resistance at $1.72 and closed at $1.71 with HIGH volume of 43.1 million shares traded....