The Singapore High Court has found former WBL Corporation chief financial officer Kevin Chee Fai Lew guilty of insider trading under the city's Securities and Futures Act (SFA), the first such ruling under the law and a signal of tighter oversight of the region's corporate finance executives."Insider trading unfairly tilts the playing field against other market participants and undermines investor confidence in the integrity of our capital markets," said Leo Mun Wai, assistant managing director of the Monetary Authority of Singapore's (MAS) capital markets group, in a statement. "As this case demonstrates, MAS will use every effort and resource to enforce our insider trading laws." Full Story
