Prosecution witness Ken Tai denies making unauthorised trades to churn commission

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SINGAPORE (Jan 7): Prosecution witness Ken Tai Chee Ming on Tuesday denied making unauthorised trades when alleged 2013 penny stock crash masterminds John Soh Chee Wen and Quah Su-Ling were away, in order to rake in more commissions for himself.

Under cross-examination by Soh’s defence counsel, senior counsel N Sreenivasan of K&L Straits Law, Tai flatly dismissed the allegations. “If I am churning, if I’m creating, I will admit to that,” Tai said.

Tai, a former broker, is said to be part of Soh’s “inner circle” of brokers and remisiers that played a role in...(click on link for full story on