Important Notes

For Investors

1. Prohibited Trading Conduct

All customers are advised to abstain from the following Prohibited Conducts outlined in the Securities & Futures Act (Chapter 289):

SFA 206 False trading
No person shall create, or do anything that is intended or likely to create, a false or misleading appearance of active trading in any futures contract on a futures market or in connection with leveraged foreign exchange trading, or a false or misleading appearance with respect to the market for, or the price of futures contracts on a futures market or foreign exchange in connection with leveraged foreign exchange trading.

SFA 207 Bucketing
No person shall knowingly execute, or hold himself out as having executed, an order for the purchase or sale of a futures contract on a futures market, without having effected a bona fide purchase or sale of the futures contract in accordance with the business rules and practices of the futures market.
No person shall knowingly execute, or hold himself out as having executed, an order to make a purchase or sale of foreign exchange in connection with leveraged foreign exchange trading, without having effected a bona fide purchase or sale in accordance with the order.

SFA 208 Manipulation of price of futures contract and cornering
No person shall, directly or indirectly –
manipulate or attempt to manipulate the price of a futures contract that may be dealt in on a futures market, or of any commodity which is the subject of such futures contract; or
corner, or attempt to corner, any commodity which is the subject of a futures contract.

SFA 209 Fraudulently inducing persons to trade in futures contracts
No person shall, directly or indirectly –
by making or publishing any statement, promise or forecast that he knows or ought reasonably to have known to be false, misleading or deceptive;
by any dishonest concealment of material facts;
by the reckless making or publishing of any statement, promise or forecast that is false, misleading or deceptive; or
by recording or storing in, or by means of, any mechanical, electronic or other device information that he knows to be false or misleading in a material particular, induce or attempt to induce another person to trade in a futures contract or engage in leveraged foreign exchange trading.
In any proceedings against a person for a contravention of subsection (1) constituted by recording or storing information as mentioned in subsection (1) (d), it is a defence if it is established that, at the time when the defendant so recorded or stored the information, he had no reasonable grounds for expecting that the information would be available to any other person.

SFA 210 Employment of fraudulent or deceptive devices, etc
No person shall, directly or indirectly, in connection with any transaction involving trading in a futures contract or leveraged foreign exchange trading –
employ any device, scheme or artifice to defraud;
engage in any act, practice or course of business which operates as a fraud or deception, or is likely to operate as a fraud or deception, upon any person;
make any false statement of a material fact; or
omit to state a material fact necessary in order to make the statements made, in the light of the circumstances under which they were made, not misleading.

SFA 211- Dissemination of information about illegal transactions
No person shall circulate, disseminate, or authorise, or be concerned in the circulation or dissemination of, any statement or information to the effect that the price of a class of futures contracts or foreign exchange in connection with leveraged foreign exchange trading will, or is likely to, rise or fall or be maintained because of the market operations of one or more persons which, to his knowledge, are conducted in contravention of section 206, 207, 208, 209 or 210 if –
the person, or a person associated with the person, has conducted such market operations; or the person, or a person associated with the person, has received, or expects to receive, directly or indirectly, any consideration or benefit for circulating or disseminating, or authorising or being concerned in the circulation or dissemination, the statement or information.

SFA 212 Penalties
Any person who contravenes any of the provisions of this Division shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $250,000 or to imprisonment for a term not exceeding 7 years or to both.
No proceedings shall be instituted against a person for an offence in respect of a contravention of this Division after a court has made an order against him for the payment of a civil penalty under section 232 for the contravention.

2. Electronic Trading Risks

2.1 Live Prices
Speed and quality of internet connection will affect the performance and accuracy of live prices in our trading platforms.
Broadband internet connection is recommended for online trading.

2.2 Password
Internet Trading Password must be kept confidential at all times
Regularly change your Internet Trading Password
Always clear your browser’s cache and history after each session so that your account information is removed.
You are advise not to use the “Auto Complete?function of your browser to save your User ID and Password. This function stores and lists possible matches from entries that you have typed previously.

2.3 Virus, Spywares and Adwares
Always install your computer with the latest anti-virus software and Spyware program.
Regularly scan your computer to quarantine and delete any Virus / Spyware / Adware in your computer.
Avoid downloading programs and email attachments from suspicious unknown sources.

2.4 Phishing
Phishing is an attempt to criminally and fraudulently acquire sensitive information, such as usernames, passwords and credit card details, by masquerading as a trustworthy entity in an electronic communication.
Phishing is typically carried out by email or instant messaging,and often directs users to enter details at a website.
To prevent yourself from phishing, NEVER reveal your password to anyone. Be suspicious of any email or instant message asking you to provide sensitive account information.
If you receive such emails or instant message, do not reply or click on the links in the email or instant message.
Always access our site via URL www.phillipnova.com.sg.

2.5 Secure Your Wireless Network
Wireless networking works by sending information over radio waves, it can be more vulnerable to intruders. You need to take additional steps to keep your network secure.
Make your own unique and difficult-to-guess SSID (Service Set Identifier)
Change the default administrator password and username for your router

3. Downtime Actions

In the event when internet platforms offered by Phillip Nova are not available,
kindly contact:

– Client Service hotline 6538 0500 for general enquiries
– Technical Support hotline 6597 3241 for technical enquiries
– Stocks/Futures Dealing desk 6535 1155 for queries on exchange traded products
– CFD/Forex Dealing desk 6536 7200 for OTC product related queries
– Or your broker for more information

4. Notification on Early Liquidation of Positions Involving Physical Settlement / Deliveries

Please be informed that Customers are required to liquidate their LONG positions two working days prior to the First Notice Day, and SHORT positions two working days prior to the Last Trading Day of those contracts which involve physical delivery.

Phillip Nova reserves the rights to liquidate any outstanding positions at the Close of Business Day two working days prior to that physical delivery product’s First Notice Day or Last Trading Day regardless of whether the customer had given consent or been notified.

Please feel free to contact the Stocks/Futures Dealing Desk at (65) 6535 1155 if you need any clarification. Thank you.

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