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Enforcement
Enforcement
FSC Korea to Expand Enforcement Toolkit to Target Unfair Trading
By Editors | 09/08/2024
Those found engaging in unfair trading activities will face a 10-year ban on trading in the capital market and potentially have their names disclosed publicly.
Enforcement
Evergrande Liquidators Are Suing PwC for Damages – Report
By Editors | 09/08/2024
The writ of summons accuses PwC of breach of contract, breach of duty, misrepresentation, negligence, and/or unjust enrichment.
Crypto / Digital Assets
US Court Approves $12.7B Settlement Between CFTC, FTX
By Editors | 09/08/2024
The CFTC’s Ian McGinley said the settlement represents the largest recovery for investors in the regulator’s history.
Crypto / Digital Assets
Singapore Court Sentences Crypto CTO for Investment Scam
By Ranamita Chakraborty | 09/08/2024
Wang Xinghong developed a crypto mining app that allowed A&A Blockchain to input fake numbers to misrepresent investor returns.
Enforcement
Asset Manager H2O Avoids UK Fine by Agreeing to Repay Investors
By Editors | 09/08/2024
The FCA decided not to impose a fine despite “extremely serious” regulatory breaches that resulted in investors being trapped in funds since 2020.
Enforcement
Ex-China Forestry Execs Found Culpable of Market Misconduct
By Sanday Chongo Kabange | 08/08/2024
Former CEO and former chairman culpable for disclosing false information in China Forestry’s IPO prospectus, annual results, and annual report in 2008 and 2009.
AML / KYC
German Prosecutors Charge Two More Ex-Wirecard Execs
By Ranamita Chakraborty | 08/08/2024
The two executives allegedly breached their fiduciary duties by approving unsecured loans that were used to embezzle “several hundred million euros”.
AML / KYC
US, Germany Take Down Illicit Crypto Platform Cryptonator
By Editors | 08/08/2024
Cryptonator facilitated transactions worth USD 1.4 billion, including those linked to sanctioned entities and criminal marketplaces.
Crypto / Digital Assets
US Court Orders Ripple to Pay $125m for Securities Law Violations
By Manesh Samtani | 08/08/2024
The order ends years-long litigation brought by the US SEC in December 2020. CEO Brad Garlinghouse said the ruling is a “victory”.
Capital / Liquidity
US SEC Investigates Banks Over Interest Underpayments
By Nithya Subramanian | 08/08/2024
The SEC is probing some of the major US banks over allegations that they systematically cheated customers out of interest on deposits.
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