Singapore’s ex-broker gets 9-month jail sentence for stock manipulation

Oh Wee Hian, 46, received the sentence on Oct. 28 in the biggest case of stock market price manipulation recorded in the Singapore Exchange, The Straits Times reported.

Oh worked as a dealer at several brokerages between 2005 and 2009. Since 2018 he was unemployed.

In 2020 he began to use different trading accounts to place buy or sell orders of shares but canceled them in the last minute to trick the system into changing the price of them.

He bought and sold the shares using different accounts and pocketed the price difference.

Oh repeated the trick 215 times between August 2020 and March 2021.