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Three financial traders who reached an illegal deal with the front were jailed on July 10 in a landmark case. Leong Chee Wai, Toh Chew Leong and Simon E Seck Peng have been charged with more than 300 counts of insider trading over a seven-year period. They each benefited from more than 2 million Singaporean dollars. The Monetary Authority of Singapore has stated that this is the first Singapore case to be prosecuted for insider trading and punishable by a harsher penalty. Standing in the foreground is trading before a large, unlisted order from the trading company for a benefit.
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