Enforcement

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    Enforcement

    NYAG Expands Fraud Lawsuit Against Crypto Firms to $3b

    By Mark Johnston | 13/02/2024

    Investigations have revealed that additional investors were defrauded beyond the $1bn claimed in the original suit against Gemini, Genesis and DCG, filed in October 2023.

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    Securities / Derivatives

    SEBI Bars TV Guests, Analysts from Securities Market

    By Ajoy K Das | 13/02/2024

    11 individuals and 4 entities made unlawful gains of $900,000 from trading in stock they were recommending in TV broadcasts.

    Securities / Derivatives

    India: RBI Deputy Governor Urges NBFCs to Monitor P2P Lending

    By Ajoy K Das | 13/02/2024

    Deputy Governor M Rajeshwar Rao cautioned that shady business practices and breach of licensing conditions in P2P lending in NBFCs were not acceptable.

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    AML / KYC

    Small German Bank Suspected of Helping Iran Evade Sanctions – Report

    By Editors | 13/02/2024

    BaFin has been investigating Hamburg-based Varengold Bank since last year, while APAS has been investigating its independent auditor, PwC.

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    AML / KYC

    Singapore: More Charges Laid Against Nickel Trading Fraudster

    By Nithya Subramanian | 11/02/2024

    Ng Yu Zhi was arrested in February 2021 and now faces 108 charges. His bail was revoked following the discovery of a secret HSBC account.

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    Enforcement

    US SEC Fines 16 More Firms in WhatsApp Probe

    By Editors | 11/02/2024

    The broker-dealer and investment adviser firms, including Oppenheimer and US Bancorp, agreed to pay a combined $81mn.

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    Enforcement

    ASIC to Hold Directors Accountable for Unethical Lending

    By Sanday Chongo Kabange | 10/02/2024

    Deputy Chair Sarah Court said ASIC will not hesitate to step in to protect vulnerable Australians from unethical lending practices.

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    Enforcement

    CSRC Punishes 63 Employees of China Merchant Securities

    By Editors | 10/02/2024

    The CSRC warned of increased on-site inspections and a coming crackdown on illegal stock speculation and “irresponsible behavior” by securities practitioners.

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    Enforcement

    Australian Court Rules Yield-earning Crypto Product Illegal

    By Editors | 09/02/2024

    The Federal Court ruled that Block Earner was offering unlicensed financial services through its “Earner” product.

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    Securities / Derivatives

    Goldman Agrees to Penalties for Trade Surveillance Failures

    By Editors | 09/02/2024

    Goldman did not include some of the securities it traded in surveillance reports between February 2009 and mid-April 2023.

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