Enforcement

SFC Fines Guosen for Regulatory Breaches Caused by Bugs

21/12/2022

Guosen Securities used expired standing authority of clients because its new operating system failed to send renewal notices to clients.

ESG / Sustainability

CDP to Help Enhance Sustainability Reporting in Hong Kong

21/12/2022

A new Climate and Environmental Risk Questionnaire has been developed to help SMEs with sustainability reporting.

ESG / Sustainability

Japan FSA Issues Draft Supervisory Guidelines for ESG Funds

21/12/2022

The FSA issued draft guidelines outlining the checks that will be performed by supervisors to ensure ESG investment trusts are true-to-label.

Enforcement

US Regulator Orders Wells Fargo to Pay $3.7b for Violations

21/12/2022

Wells Fargo repeatedly misapplied loan payments, wrongfully foreclosed on homes and illegally repossessed vehicles, among other violations.

ECB Bars Officials from Making Short Term Trades

21/12/2022

High-level ECB officials can only invest in publicly listed, broadly diversified funds with a medium to long-term perspective.

Securities / Derivatives

HKEX Opens New York Office to Support International Clients

21/12/2022

HKEX says the New York office will make it easier to connect with investors, market participants and their intermediaries during their own working day.

Crypto / Digital Assets

FTX Seeks Court Authorisation to Sell Four Businesses

21/12/2022

Embed, LedgerX, FTX Japan and FTX Europe have maintained segregated customer accounts and have solvent balance sheets.

Securities / Derivatives

SEBI Extends Trading Suspension in Seven Agri-Derivatives

21/12/2022

The December 2021 suspension was due to expire on 20 December 2022. The extension is for one more year.

Enforcement

Singapore Jails Man for Spoofing, False Telegram Statements

20/12/2022

Kenneth Goh pleaded guilty to creating a false appearance in the market 325 times, deceiving two brokers, and making false statements in Telegram chat groups.