The Monetary Authority of Singapore (MAS) has imposed a civil penalty of S$120,000 on Dr Kenneth Chua for insider trading involving shares of Singapore Medical Group (SMGL).
The regulator announced the sanction on Tuesday, marking a specific enforcement action against a medical professional who traded on non-public information.
Dr Chua purchased 210,000 shares of the healthcare provider in 2022 at a total cost of S$67,200.
Dr Chua purchased 210,000 shares of the healthcare provider in 2022 at a total cost of S$67,200.
The transactions occurred while he possessed material non-public information, violating market integrity rules.
The penalty reflects the regulator's effort to deter such conduct among professionals with access to sensitive data.
This enforcement action highlights the ongoing scrutiny of insider trading in Singapore's equity markets.