Invest Positively

Exchanges, brokerages and traders are sued by city of Providence

Penny stock fallout exec wants to transfer 2 properties to ex-husband

In June, the Singapore Exchange (SGX) will enjoy a boost in liquidity as lowered fees and new discounts and rebates entice market makers and high-speed traders to set up shop here.

They also ask MAS, SGX to require collateral only for big trades

New equilibrium between demand and supply being established: Westpac

Market manipulation appears to be rife on the Australian Stock Exchange (ASX) when compared with other major markets around the world, the Sydney Morning Herald (SMH) reported yesterday.

Goldman Sachs Group Inc. (GS) and Lynne Ng Su Ling, an independent director at LionGold Corp., traded lawsuits in London over payment demands after shares owned by Ng and held by the bank as debt collateral plunged in an October stock rout. Link

A company controlled by the family of Asia’s richest man Li Ka-shing has sold a landmark Beijing property for more than US$900 million, it said, adding to speculation he is cashing out of Chinese property.

Link

Brokerage seeks $1.89m repayment over losses from share meltdown

Royal Bank of Canada sued three private wealth clients in Singapore, joining companies including Goldman Sachs Group Inc. seeking money owed by customers after an October stock rout. Link

No reason provided; canned deal is fresh blow for firm

Chinese banks are stuck in a lose-lose legal battle between domestic shipyards and foreign buyers over billions of dollars in refund guarantees that are supposed to be paid out if shipbuilders fail to deliver on time. Link

The police have impounded the passports of at least three corporate executives as they continue to probe into last October’s penny stock crash.

Affected firms try to convince market business is as usual, but realities tell something else

Counter jumps 10% in 2 sessions to pass $1.30, a level last seen in Oct 2012

More than 10 top execs from seven firms, several subsidiaries being probed for possible breaches of Securities and Futures Act

White-Collar investigators have asked ITE Electric Co for information on three key officers as part of an investigation into possible breaches of the Securities and Futures Act (SFA), the electrical equipment supplier announced on Thursday.

It has asked for access to all data and equipment belonging to senior execs

Singapore’s white-collar crime fighters have sought information about key executives and directors of Blumont Group and LionGold Corp, amid investigations into suspected trading irregularities, the Commercial Affairs Department (CAD) and the companies announced on Wednesday.

Beijing scores victory over speculators by widening trading band as losses from betting on an appreciation of the currency hit US$5.5b

Wira Dani Abdul Daim is exec deputy chairman as well as exec director of firm

For a market wallowing in poor liquidity and lukewarm interest, some degree of speculative activity is necessary. It adds a dose of infectious vibrancy which can spread to the broader market and draw more equity market participation - a stated objective of SGX. While oversight is needed, neither should one take a hammer to swat flies.

She owes Bank of East Asia the money from share margin facility