Ex-remisier Jailed Over S$11 Million Fraud Involving Misappropriated IPO Funds
Teo Hui-Ni Sumiko-Jill, formerly a remisier at Maybank Kim Eng Securities, was sentenced on April 7, 2026, to 13 years and six months imprisonment for fraud and criminal breach of trust. She was convicted of 20 charges related to defrauding 10 investors by falsely promising access to initial public offerings and shares on foreign stock exchanges. Between February 2020 and December 2021, victims entrusted Teo with over S$11 million to purchase shares, but she diverted the funds for personal use and to repay other clients. Authorities also took into account 36 additional charges during sentencing. This case highlights vulnerabilities in... [Continue Reading]
360LiveNews | 07 Apr 2026 10:18
EU Member States Approve EU-UK Gibraltar Agreement Ahead of July Provisional Start
EU member states' permanent representatives have ratified the text of the new agreement between the European Union and the United Kingdom addressing Gibraltar's status. The agreement is set to enter provisional application on 15 July 2026, following final legal and linguistic reviews. This marks a significant development in post-Brexit relations as Gibraltar had been excluded from the EU-UK Trade and Cooperation Agreement. The agreement establishes a clearer legal framework for Gibraltar, ensuring cooperation and regulatory alignment where needed between the UK territory and the EU. It affects Gibraltar's roughly 34,000 residents and businesses reliant on seamless cross-border relations with Spain... [Continue Reading]
360LiveNews | 01 Apr 2026 14:33
