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12/27/2005

sgx must shame errant brokers

this is reported by a goh eng yeow in the straits times today. the sin of the remisier is to key in big orders that he had no intention to fill but to withdraw minutes later. and goh eng yeow wants sgx to name the culprit. would sgx be fair and shame all the big funds and brokers who executed similar fake entries and other misdeeds to mislead or create a false market? or would the stick be applicable to the small boys? he also said the practice is rampant as he was a dealer himself. would he like to tell the public what he knew, without prejudice and tell on what his broking house did? would he also reveal to the public whether he wrote this article on his own initiative?

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