Enforcement

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.

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.

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.

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.

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.

Enforcement

Former CEO of Aon Singapore Charged With Bribery

By Nithya Subramanian | 09/02/2024

Collin Chiew has been accused of receiving SGD 668,000 in bribes and faces five counts of corruption as well as a money laundering charge.

Enforcement

Singapore Court Jails Director for Wirecard-related Breach of Duty

By Ranamita Chakraborty | 08/02/2024

The Singaporean national signed letters to Wirecard AG stating various bank account balances, without verifying those balances.

Crypto / Digital Assets

South Korea Jails Two Bitsonic Executives for Crypto Theft

By Sanday Chongo Kabange | 08/02/2024

The CEO and CTO were sentenced to seven years and one year in jail, respectively, for embezzling KRW 10 billion in customer funds.

Enforcement

Former China Merchants Bank President Sentenced to Life in Prison

By Editors | 07/02/2024

Other former senior executives of Qianhe Capital Management, ICBC, Taiping Life Insurance, and Bank of Communications also facing criminal charges.