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The GameStop saga is an incredible David versus Goliath story that has caught the imagination of many retail investors and inspired similar attempts to coordinate trading on discussion forums in markets outside the US.
While Singapore has its own SGXBets Reddit page, are local retail investors aware that such mob rule could be illegal in Singapore?
In this opinion article, Senior Partner Tan Chong Huat examines the regulatory safeguards as well as criminal and civil liabilities under the Securities and Futures Act and argues that instigating trading interest in online discussion forums could be illegal.
To read the full article on The Business Times, click here.