Three Arrows Founders Hit With 9-Year Trading Ban in Singapore

By coindesk.com September 14, 2023 In Singapore

MAS says the Order bans the Three Arrows Capital founders from managing, directing, or being a shareholder of any registered capital markets services firm in Singapore.

Kyle Davies, Su Zhu, Mark Lamb (Kyle Davies/Twitter)

Kyle Davies, Su Zhu, Mark Lamb (Kyle Davies/Twitter)

Singapore’s financial regulator has issued a nine-year prohibition order against the founders of Three Arrows Capital, which prohibits them from operating in the country’s regulated financial services industry.

Su Zhu and Kyle Davies will be prohibited from performing any regulated activity and from taking part in the management of, acting as a director of, or becoming a substantial shareholder, of any capital market services firm, the release says.

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Edited by Parikshit Mishra.

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