PEPs & Sanctions

US SEC Charges NY Investment Firm for Advising Russian Oligarch

19/09/2023

The SEC charged Concord Management and its owner for failing to register as investment advisers while advising a sanctioned Russian oligarch.

Fraud, Scams & Cybercrime

NZ Banks Pledge New Measures to Combat Scams

18/09/2023

The measures include the establishment of a national Anti-Scam Centre and the introduction of a ‘confirmation of payee’ account name checking service.

Cryptocurrency

HKMA, SFC Warn of Illegal Offerings by Crypto Firms

18/09/2023

The HKMA warned about crypto firms labelling themselves as banks. The SFC warned about a crypto firm called JPEX which falsely claims to be licensed.

Trading & Investment

NZX Consults On Introduction of Exchange-delivered Dark Pool

14/09/2023

‘NZX Dark’ will provide an alternative venue for investors to execute large transactions with anonymity and price improvement.

Structural Regulation

SEC Philippines Allows Crowdfunding Platforms to Act as Registrars

14/09/2023

To date, only traditional financial intermediaries have been allowed to act as registrars under the securities regulation code.

Trading & Investment

US SEC Grants Nasdaq Approval to Launch AI-Powered Order Type

14/09/2023

The order type enhances liquidity, execution quality improvement outcomes, and fill rates by adjusting dynamically to real-time market conditions.

Fraud, Scams & Cybercrime

Singapore’s PayNow to End ‘Nickname’ Feature Next Year

12/09/2023

The removal of the nickname option from PayNow has been prompted by growing cases of scams and a need to bolster online security.

Conduct, Culture & Accountability

SFC Revokes Fund Manager Licence, Suspends Manager-In-Charge

12/09/2023

Axial Capital Management failed to maintain its required liquid capital for 19 straight months and to make various filings on time.

Fraud, Scams & Cybercrime

CFTC Commissioner Calls for Creation of National Financial Fraud Registry

12/09/2023

Commissioner Christy Goldsmith Romero says a centralised national financial fraud registry would enable the public to protect themselves from fraudsters.