SINGAPORE -(MarketWatch)- The Monetary Authority of Singapore will act strongly against companies that offer misleading information to investors when making their initial public offerings, the central bank's managing director Ravi Menon said Wednesday.
"We will not hesitate to impose stiff penalties on issuers who have made misleading statements in initial public offerings," he said at a conference. "MAS will leave no stone unturned to take rigorous action against those who break our laws." Full story
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