The Straits Times
PublishedFeb 5, 2021, 5:00 am SGT
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By Reuters Staff
(Adds details from statement)
SINGAPORE, Feb 2 (Reuters) - Singapore regulators said on Tuesday they were closely monitoring market activities for signs of false trading and other misconduct, cautioning investors of risks related to trading in securities incited by online forums and social media chat groups.
The Monetary Authority of Singapore and Singapore Exchange Regulation said in a statement they noted investor interest in Singapore in recent activities in U.S. markets relating to stocks such as GameStop, AMC Entertainment Holdings and BlackBerry.
Discussions in online websites and platforms suggest the possibilities for similar speculative activities in the Singapore stock market.
Singapore regulators warn against trading incited by online groups
Feb 2, 2021 11:20 PM PHT
Reuters
Singapore regulators said on Tuesday, February 2, they were closely monitoring market activities for signs of false trading and other misconduct, cautioning investors of risks related to trading in securities incited by online forums and social media chat groups.
The Monetary Authority of Singapore and Singapore Exchange Regulation said in a statement they noted investor interest in Singapore in recent activities in United States markets relating to stocks such as GameStop, AMC Entertainment Holdings, and BlackBerry.
Discussions in online websites and platforms suggest the possibilities for similar speculative activities in the Singapore stock market.