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Singapore regulator issues 5-year ban on former DBS Vickers trader

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Singapore regulator issues 5-year ban on former DBS Vickers trader

The Monetary Authority of Singapore banned a former DBS Vickers Securities (Singapore) Pte. Ltd. trader from taking part in the management of capital services and financial advisory firms for five years.

The Singaporean regulator issued two prohibition orders against Dennis Tey, who was previously convicted of unauthorized trading and fraud.

Tey is banned from performing any regulated activity, and taking part in the management, acting as a director or becoming a substantial shareholder of capital market services firms and financial advisory firms. He was found to have attempted to manipulate prices through false securities orders and misused other people's trading accounts without consent.

DBS Vickers Securities (Singapore) is a unit of DBS Group Holdings Ltd.