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For people who want MAS to investigate UOBKH

so far there are only 2 company do curb!! we should ban them

 

The only thing the UOBKH could probably get is a soft reprimand from the SGX to advise them not to allow their staff to short sell a counter they are going to curb.   This is the only possible conclusion I could think of, if SGX realized that any curb coming from brokerages will disturb the smooth flow of the market dynamics. 

Cheers!   Today the market should be better!!  

Tomique      ( Date: 07-Oct-2013 08:26) Posted: Or maybe I was wrong to say that there was insider trading based on information since selling a to be " curbed" counter knowingly that the curbing would cause a drastic fall in price of the curbed, do not constitute an offence since the information does not come from the company to be curbed, as it came from a brokerage company and probably this is not in the interpretation of our " insider trading" laws.   Is there any legal man here in SJ? Hope can enlighten us on this sort of things. Tomique      ( Date: 07-Oct-2013 08:18) Posted: Let's ask ourselves " Did UOBKH team members pre short any curb counters before they issue the curbs?" If there is evidence that they do so, then it contravenes MAS sections of securities and futures act. PapaSmurf is not wrong when he asked the question.   Legally speaking in our Singapore legal system, if anyone with the information that UOBKH is going to curb a counter, and he or a group of them working there, started to sell short heavily, they have committed an offence in " insider trading" in our Singapore context.   But how to get the culprit to reveal their own wrong doing is a headache.   Not possible for to get them!!   Furthermore, our system is pro-institution and cons-the individual person. So I can't see how the ordinary player being a David can fight the Goliah in UOBKH. Lol.

 

Or maybe I was wrong to say that there was insider trading based on information since selling a to be " curbed" counter knowingly that the curbing would cause a drastic fall in price of the curbed, do not constitute an offence since the information does not come from the company to be curbed, as it came from a brokerage company and probably this is not in the interpretation of our " insider trading" laws.   Is there any legal man here in SJ? Hope can enlighten us on this sort of things.

Tomique      ( Date: 07-Oct-2013 08:18) Posted: Let's ask ourselves " Did UOBKH team members pre short any curb counters before they issue the curbs?" If there is evidence that they do so, then it contravenes MAS sections of securities and futures act. PapaSmurf is not wrong when he asked the question.   Legally speaking in our Singapore legal system, if anyone with the information that UOBKH is going to curb a counter, and he or a group of them working there, started to sell short heavily, they have committed an offence in " insider trading" in our Singapore context.   But how to get the culprit to reveal their own wrong doing is a headache.   Not possible for to get them!!   Furthermore, our system is pro-institution and cons-the individual person. So I can't see how the ordinary player being a David can fight the Goliah in UOBKH. Lol.

 

Let's ask ourselves " Did UOBKH team members pre short any curb counters before they issue the curbs?" If there is evidence that they do so, then it contravenes MAS sections of securities and futures act.

PapaSmurf is not wrong when he asked the question.   Legally speaking in our Singapore legal system, if anyone with the information that UOBKH is going to curb a counter, and he or a group of them working there, started to sell short heavily, they have committed an offence in " insider trading" in our Singapore context.   But how to get the culprit to reveal their own wrong doing is a headache.   Not possible for to get them!!   Furthermore, our system is pro-institution and cons-the individual person. So I can't see how the ordinary player being a David can fight the Goliah in UOBKH. Lol.

 

Although I kana few times bought the counters and next day they curb, It wipe out my gains to losses...

Newlearner      ( Date: 06-Oct-2013 20:29) Posted: UOB own by Wee family, not any one night fly to sky enterprise. I think SGX also need to give them face let alone investigate....

 

UOB own by Wee family, not any one night fly to sky enterprise. I think SGX also need to give them face let alone investigate....

 

Acherly UOBKayHian has been very lenient they only curbed trading unlike SGX straight away becomes designated counter on Monday.

daddykool      ( Date: 06-Oct-2013 18:24) Posted: It's pretty obvious this wanglausern fellow works in UOB kayhian lol

 

LOL

daddykool      ( Date: 06-Oct-2013 18:24) Posted: It's pretty obvious this wanglausern fellow works in UOB kayhian lol

 

It's pretty obvious this wanglausern fellow works in UOB kayhian lol

 

You're so audacious to start such a thread.

When they manipulated Blumont from 4c in July 2012 to its recent high of $2.54 why didn't you complain to the relevant authority.

All of you who are caught in this fiasco, in the first place shouldn't be in the share market because through  your greed, you all chose not  see that Blumont, Innopac, Asiasons, Liongold and etc are empty companies whose share prices have been manipulated to surge through the roof. 

Even my junior clerk knows that it's ridiculous for Blumont's market cap to surpass SGX.

PapaSmurf      ( Date: 05-Oct-2013 23:10) Posted: This thread is started for traders to share their observations on UOBKH. Being 1000 strong remisiers team in Singapore does not allow them to be big bully in local stock market. There are a lot of minorities out there suffering from next day losses just when everything seems to go right but suddenly went wrong when UOBKH issue a curb before market open. Let's ask ourselves " Did UOBKH team members pre short any curb counters before they issue the curbs?" If there is evidence that they do so, then it contravenes MAS sections of securities and futures act. Let's have our doubts publish in the papers and bring UOBKH into the limelight.... An investigation by MAS is a must. All unhappy with UOBKH can fall in here!!!

 

could uobkh top mgmt have shorted heavily on those shares before they imposed the curbs for their own benefits?

 

 

PapaSmurf      ( Date: 05-Oct-2013 23:10) Posted: This thread is started for traders to share their observations on UOBKH. Being 1000 strong remisiers team in Singapore does not allow them to be big bully in local stock market. There are a lot of minorities out there suffering from next day losses just when everything seems to go right but suddenly went wrong when UOBKH issue a curb before market open. Let's ask ourselves " Did UOBKH team members pre short any curb counters before they issue the curbs?" If there is evidence that they do so, then it contravenes MAS sections of securities and futures act. Let's have our doubts publish in the papers and bring UOBKH into the limelight.... An investigation by MAS is a must. All unhappy with UOBKH can fall in here!!!

 

switch to scb better. no min commission. 

 

Just have to blacklist uobkayhian and spread it all around share forums and hit them at their pockets lol.

 

Sure UOBKayHian must protect themselves when these crooks from up north come down to manipulate worthless shares to go through the roofs.

Who is gonna come to UOBKayHian's aid when all their clients end up carrying the musical chair?

For the record, KayHian was the only brokering house left standing without having to be rescued after the fallout of the Pan El crisis.

 

Jacques      ( Date: 06-Oct-2013 15:21) Posted: Very dulan with Uobkh! How can they curb counters anyhow as and when they like?! It is no difference from manipulation of stocks! I kena twice...first was mirach, and currently is YHM... both incur huge losses. Was wondering why YHM keep dropping when two big contracts are won.

 

Bo pian, most of the corporate big accts there, that's y thy can suka suka curb yet their deal making remisers are able to front run everyone else. If not, where gt so much shares to sell or short sell during the curb. Thy r able to borrow so much from the related parties. Ask yourselves, without insurance, do you think the guys dare to take dn the shares? What if kana halt by sgx? How to buy? More likely they are linked to those companies, where thy can get the borrowing faculties jus in case.

 

I only use KE ... but also kena mah coz Uobkh curbing cause the two counters share price to drop.

Peter_Pan      ( Date: 06-Oct-2013 15:32) Posted: u using uobkh also? Jacques      ( Date: 06-Oct-2013 15:21) Posted: Very dulan with Uobkh! How can they curb counters anyhow as and when they like?! It is no difference from manipulation of stocks! I kena twice...first was mirach, and currently is YHM... both incur huge losses. Was wondering why YHM keep dropping when two big contracts are won.

 

u using uobkh also?

Jacques      ( Date: 06-Oct-2013 15:21) Posted: Very dulan with Uobkh! How can they curb counters anyhow as and when they like?! It is no difference from manipulation of stocks! I kena twice...first was mirach, and currently is YHM... both incur huge losses. Was wondering why YHM keep dropping when two big contracts are won.

 

Very dulan with Uobkh! How can they curb counters anyhow as and when they like?! It is no difference from manipulation of stocks! I kena twice...first was mirach, and currently is YHM... both incur huge losses. Was wondering why YHM keep dropping when two big contracts are won.

 

Lol...

 

You can't expect toothless mas to do much and recent history just shows you that.


http://www.gmanetwork.com/news/story/312951/economy/moneyandbanking/singapore-punishes-20-banks-for-trying-to-rig-lending-currency-rates