RBC Files Lawsuit Against Three Private Wealth Clients In Singapore - Report

Vanessa Doctor

11 April 2014

is one of the companies facing a probe by the Monetary Authority of Singapore and the police department for potential breaches of the Securities and Futures Act, according to a statement on the MAS website. In early October, Blumont and two other commodity companies saw their shares plunge at least 87 per cent in a span of three days, prompting the regulator to investigate.

RBC declined to comment on the matter when contacted by WealthBriefing Asia.