SINGAPORE (Feb 19): Even as the long-running trial of alleged penny stock masterminds John Soh and Quah Su-Ling drags on, two brokers have been convicted for their roles in a separate but similar case involving the manipulation of Koyo International shares.
 
Steven Teo Boon Cheang, who used to be a remisier with AM Frasers Securities, now known as KGI Securities, was on Feb 19 sentenced to three months’ jail by district judge Ng Peng Hong at the State Courts. He pleaded guilty to a charge of manipulating the shares.

Rayson Goh Qi Rui, who was a remisier with OCBC Securities, was sentenced to four months’ jail including a three-week concurrent term. Similar to Teo, he pleaded guilty and was...(click on link for full story on theedgesingapore.com)