Omg tried to withdraw money from chocolate finance cannot immediate withdrawal. Say need up to 10 working days to withdraw

[RinoaX]

I believe seth video somewhat triggered the bank run

Isn't it illegal to induce fear and trigger a bank run?

 

[Sprezatura]

this sethisfy confirm tio blacklist next time

 

[RinoaX]

Because of people like TS trying to create panic by creating such threads lol

Report ts to police lor for manipulating financial markets.

 

[ctan84]

Isn't it illegal to induce fear and trigger a bank run?

Think he's gonna receive a lawyer letter soon

 

[yellowduck]

The bank name is called “chocolate”. Nuff said.

yalor, actually i aslo very scare, what maribank, trust bank..etc... all these name doesnt instill confidence... hahaha

 

[RinoaX]

Think he's gonna receive a lawyer letter soon

Got curious and asked AI about it. Luckily I never put money inside.

In the Singapore law context, influencing or manipulating a bank run can be considered illegal under various statutes. Here are some relevant laws:

1. *Securities and Futures Act (SFA)*: Section 197 of the SFA prohibits the dissemination of false or misleading information that may induce others to buy or sell securities, including bank shares. Influencing a bank run by spreading false information could be a breach of this section.

2. *Financial Advisers Act (FAA)*: Section 33 of the FAA prohibits financial advisers from making false or misleading statements to clients. If someone influences a bank run by providing false advice, they might be in breach of this section.

3. *Penal Code*: Section 505 of the Penal Code prohibits the dissemination of false information that may cause alarm or panic. Influencing a bank run by spreading false information could potentially fall under this section.

4. *Banking Act*: The Monetary Authority of Singapore (MAS) has the power to regulate and supervise banks. Influencing a bank run could potentially breach MAS regulations or guidelines.

It's essential to note that the specific circumstances and intent behind the actions would be crucial in determining whether an offense has been committed. If you have concerns or questions, it's best to consult with a qualified lawyer or seek advice from the relevant authorities.

Would you like me to provide more information on any of these statutes?

 

[pohw0008]

why so many ppl withdrawing from choco finance ? something cooking in the background or what?

Because interest drop from 4+% last time.. so after people realize will withdraw to put at other places.. i withdraw last dec after it drop..

 

[TVaddict]

in reality our local bank dont have so much liquidity as well… if 10-20% of people decide to run will also trigger liquidity issue… the only difference is bank is sdic insured…

that why reputation in financial sector super important… as long one missteps trust all gone

Our 3 local banks have over the years consistently maintained a CET1 ratio way more than what is set out under the Basel Framework.

 

[Carnesir]

hope they dun waste my money away I got 20k insai

 

[ctan84]

Got curious and asked AI about it. Luckily I never put money inside.

In the Singapore law context, influencing or manipulating a bank run can be considered illegal under various statutes. Here are some relevant laws:

1. *Securities and Futures Act (SFA)*: Section 197 of the SFA prohibits the dissemination of false or misleading information that may induce others to buy or sell securities, including bank shares. Influencing a bank run by spreading false information could be a breach of this section.

2. *Financial Advisers Act (FAA)*: Section 33 of the FAA prohibits financial advisers from making false or misleading statements to clients. If someone influences a bank run by providing false advice, they might be in breach of this section.

3. *Penal Code*: Section 505 of the Penal Code prohibits the dissemination of false information that may cause alarm or panic. Influencing a bank run by spreading false information could potentially fall under this section.

4. *Banking Act*: The Monetary Authority of Singapore (MAS) has the power to regulate and supervise banks. Influencing a bank run could potentially breach MAS regulations or guidelines.

It's essential to note that the specific circumstances and intent behind the actions would be crucial in determining whether an offense has been committed. If you have concerns or questions, it's best to consult with a qualified lawyer or seek advice from the relevant authorities.

Would you like me to provide more information on any of these statutes?

Technically choc finance isn't a bank, so a bank run situation can't be applied here

 

[charliebrown]

invest here there jin satkee..
make money work harder for u sioh....
nao song boh?? hope $ gg..

 

[RinoaX]

Technically choc finance isn't a bank, so a bank run situation can't be applied here

Causing a run on an investment firm then. It's some form of market manipulation. But I'm no lawyer.

Influencer should be aware of messages that they send, especially of this nature.

 

[yellowduck]

hope they dun waste my money away I got 20k insai

maybe the ceo will use that money to buy a gcb, dont worry... well invested...

 

[yellowduck]

Causing a run on an investment firm then. It's some form of market manipulation. But I'm no lawyer.

Influencer should be aware of messages that they send, especially of this nature.

i think he will tio liao,

 

[Sauron]

Contact custom service? What ICA?

 

[FT PRIDE]

Sounds like Bitcoin when it started

 

[BaChorMee]

yalor, actually i aslo very scare, what maribank, trust bank..etc... all these name doesnt instill confidence... hahaha

They have banking license so got SDIC insured. So not so bad. But this chocolate finance ish not bank.

 

[popdod]

Which Myanmar bank ish this ?

 

[AndroidComa]

bite the bullet and withdraw 2 x 20k from 2 different accounts, agree to wait 3-10 working days... people have bills to pay and they chut such stuns, very disappointing...

 

[lifeisinforashock]

I believe seth video somewhat triggered the bank run

Waiting for MAS to POFMA him.