Enforcement

Sanctions

US, Türkiye Agree on New ‘Sanctions Compliance Scheme’

By Editors | 22/03/2024

Under the new scheme, the US will allow Turkish authorities to first investigate potential sanctions violations before action is taken against Turkish companies.

Securities / Derivatives

SEBI Confirms Market Ban for LIC Employee in Front-running Case

By Ajoy K Das | 21/03/2024

An employee of Life Insurance Corporation of India as well as his family members and two family legal entities were banned from the securities market.

Enforcement

HK Court Jails Retail Trader for Fraud Involving Naked Short Selling

By Sanday Chongo Kabange | 21/03/2024

In the first case of securities fraud involving illegal short selling in Hong Kong, a retail trader was sentenced to 18 months imprisonment.

Enforcement

S. Korea Sees First Securities Class Action Related to an IPO

By Editors | 20/03/2024

The class action is against semiconductor company FADU and its underwriters, NH Investment & Securities and Korea Investment & Securities.

Enforcement

CFTC Fines US Bank, Oppenheimer for Record Keeping Failures

By Editors | 20/03/2024

US Bank was fined $6mn and Oppenheimer $1mn. Last month, the SEC also announced fines against Oppenheimer and a US Bank affiliate in a related case.

Crypto / Digital Assets

US SEC Secures $21m Settlement from Crypto Lender Genesis

By Editors | 20/03/2024

Genesis will only have to pay the civil penalty after all allowed claims in its bankruptcy are settled, including claims by Gemini Earn investors.

Enforcement

CSRC to Impose Fine and Lifetime Ban on Evergrande Founder

By Editors | 19/03/2024

The company’s flagship unit, Hengda Real Estate, will also pay a CNY 4.2 billion penalty for inflating revenues and defrauding investors.

Enforcement

China’s Didi Required to Face Investor Lawsuit Over 2021 IPO

By Editors | 19/03/2024

Besides allowing the investor lawsuit to proceed against Didi, the US court also refused to dismiss claims against banks that helped the company go public.

Enforcement

US DOJ Proposes 50 Year Prison Term for FTX Founder

By Mark Johnston | 19/03/2024

Prosecutors proposed a 40-50 year prison term, $11bn fine and forfeiture for Sam Bankman-Fried, who faces sentencing on 28 March.