SMU alumna and portfolio manager at Katama Investments Katherine Lai asked the company’s trading desk to direct a large portion of its commissions to Naushon Pte Ltd, a small broker/dealer run by one of Lai’s business school classmates in SMU. Both Lai and the referrers at Naushon have violated the Chartered Financial Analyst Institute’s Code and Standards.
The Business Times, p21 (Sep 26)
The Business Times Online (Sep 26)