ENFORCEMENT

Enforcement

US SEC Charges Virtu For Not Protecting Confidential Customer Data

By Manesh Samtani | 13/09/2023

Virtu describes the lawsuit as retaliation for the company’s public criticism of the SEC’s market structure rule proposals.

Enforcement

Thai SEC Charges Four Brokerage Execs for Stock Manipulation

By Mark Johnston | 13/09/2023

Criminal charges were filed against four executives of a brokerage firm, including its CEO, for manipulating prices during a 2018 IPO.

Enforcement

Taiwan FSC Fines Fubon and Prudential Units for Misconduct by Employees

By Editors | 13/09/2023

Two Fubon employees and one Prudential employee mirrored the trades of the funds they were managing, using third-party accounts.

Enforcement

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

By Sanday Chongo Kabange | 12/09/2023

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

Enforcement

CFTC Penalises Three DeFi Operators for Offering Services Illegally

By Editors | 11/09/2023

Commissioner Summer Mersinger dissented with the orders saying the CFTC should instead be engaging with the public on these matters.

Crypto / Digital Assets

Fourth Former FTX Executive Pleads Guilty to US Charges

By Editors | 10/09/2023

The former co-chief of FTX Bahamas pleaded guilty to making unlawful political donations and operating an illegal money-transmitting business.

Crypto / Digital Assets

Turkish Court Sentences Crypto Founder to 11,000 Year Jail Term

By Mark Johnston | 08/09/2023

The founder of Thodex and his two siblings were sentenced for fraud, money laundering and leading a criminal organisation.

AML / KYC

Former CBIRC Official Expelled from CCP for Corruption

By Editors | 08/09/2023

Zhang Yansen interfered in personnel arrangements of financial institutions, accepted bribes and used his influence inappropriately.

Enforcement

ASIC Sues AustralianSuper For Failing to Consolidate Member Accounts

By Sanday Chongo Kabange | 08/09/2023

ASIC alleges that for almost 10 years, AustralianSuper charged fees on unintended multiple accounts, affecting approximately 90,000 members.