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I have not read into the details but using the word "errors" to describe the violations is laughable at best. I remember me and classmates magically became "less error prone" when our form teacher attended class with a stick. Still works now with my kids. 
As d.o.g once said, disincentives and incentives need to go together.
SGX RegCo reprimands former Sunrise Shares directors, CEO for breaches of listing rules
As part of the regulatory action, SGX RegCo has barred Wong from serving as a director or executive officer for two years, while Liang faces a one-year prohibition, both effective from Friday.
It also noted that the company’s financial results for the first half of 2022 contained errors that overstated its financial performance. Specifically, the results showed a net profit of S$205,000, while the company was actually in a net loss position of S$890,000.
The errors were attributed to the incorrect classification of a US$300,000 withdrawal from a foreign exchange trading platform as revenue, and the omission of US$498,000 in trading losses from its financial statements.
https://www.businesstimes.com.sg/compani...ting-rules
As d.o.g once said, disincentives and incentives need to go together.
SGX RegCo reprimands former Sunrise Shares directors, CEO for breaches of listing rules
As part of the regulatory action, SGX RegCo has barred Wong from serving as a director or executive officer for two years, while Liang faces a one-year prohibition, both effective from Friday.
It also noted that the company’s financial results for the first half of 2022 contained errors that overstated its financial performance. Specifically, the results showed a net profit of S$205,000, while the company was actually in a net loss position of S$890,000.
The errors were attributed to the incorrect classification of a US$300,000 withdrawal from a foreign exchange trading platform as revenue, and the omission of US$498,000 in trading losses from its financial statements.
https://www.businesstimes.com.sg/compani...ting-rules