Enforcement

Enforcement

US SEC Fines BlackRock Unit Over Inaccurate Investment Descriptions

By Editors | 25/10/2023

BlackRock Advisors LLC incorrectly described a company that a fund it advised invested in and the interest rate the investment paid.

Enforcement

China’s Foxconn Investigation Making Investors Uneasy – Reports

By Editors | 24/10/2023

Reports suggest the investigation is politically motivated, because Foxconn founder Terry Gou is seeking Taiwan’s presidency.

Crypto / Digital Assets

SG Court Allows Attaching of Tokenised Freeze Order to Crypto Wallets

By Editors | 24/10/2023

A court-issued freeze order was tokenised as NFTs and attached to wallets linked to a crypto hack.

Enforcement

FSS Korea on Recruitment Drive to Enhance Inspections

By Sanday Chongo Kabange | 24/10/2023

The FSS is hiring 25 lawyers and accountants from financial firms to bolster its inspections and curb unfair practices.

Enforcement

China: Former Stock Exchange Official Facing Bribery Prosecution

By Editors | 24/10/2023

Authorities said the former deputy general manager “still did not restrain himself” after the 19th and 20th National Congress, despite the high-pressure anti-corruption campaign.

Enforcement

Top Kakao Executive Arrested on Stock Manipulation Charges

By Editors | 24/10/2023

The investigation into Kakao and its top executives began in February. The company’s CIO was arrested due to concerns that he may flee or tamper with evidence.

Crypto / Digital Assets

Cash-for-crypto Shops Need Regulation, Says HK Customs Official

By Editors | 23/10/2023

A regulatory regime for OTC crypto exchange shops is currently being considered by authorities, according to Commissioner Louise Ho.

Crypto / Digital Assets

US SEC Drops Lawsuit Against Ripple Executives

By Editors | 22/10/2023

Analysts say the move will ultimately allow the SEC to appeal the court’s earlier decision about XRP not being a security sooner.

Enforcement

ASIC Bans Former PwC Partner Peter-John Collins for Eight Years

By Editors | 21/10/2023

ASIC said Peter-John Collins is “not a fit and proper person” and that preventing him from working in the financial services industry was “in the public interest”.