Three Arrows Capital Founders Banned from Regulated Activities for 9 Years!

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Singapore’s financial regulator, the Monetary Authority of Singapore (MAS), has issued a nine-year prohibition order on the founders of Three Arrows Capital, Zhu Su and Kyle Livingston Davies. The move comes after the duo were found to be engaging in various regulatory violations, including failing to notify MAS of their employment situation and providing false information to the regulator. The pair were also found to have failed to establish an appropriate risk management framework, which is a key requirement for firms operating in the financial sector. Under the prohibition orders, Su and Davies will be barred from engaging in any regulated activities for a period of nine years.