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ENFORCEMENT
ESG / Sustainability
Korean Draft Law to Introduce Fines for Greenwashing
By Editors | 20/02/2023
The Ministry of Environment will fine companies up to KRW 3 million for misleading or false sustainability claims.
Crypto / Digital Assets
US SEC Fines Former NBA Star Over Crypto Promotion
By Editors | 20/02/2023
Paul Pierce promoted crypto asset securities known as EMAX tokens on social media without disclosing that he was paid to do so.
Enforcement
US SEC, CFTC Penalise OCC Over Internal Rule Violation
By Editors | 19/02/2023
As a result of certain deficiencies, the Options Clearing Corp’s clearing fund was “underfunded” at various times between October 2019 and May 2021.
Enforcement
US, UK Sanction Bulgarian Nationals for Corruption Offences
By Editors | 19/02/2023
The UK issued sanctions under its Global Anti-Corruption Sanctions Regime. The US sanctions were imposed under the Magnitsky Act.
Crypto / Digital Assets
CFTC Charges California Firm for ‘Ponzi-like’ Crypto Fraud
By Editors | 17/02/2023
Vista Network Technologies and its CEO advertised to customers that it would trade their digital assets using “robot traders” which did not exist.
Enforcement
Court Issues Australia’s Largest Ever Fine for Disclosure Failures
By Editors | 17/02/2023
Former ASX-listed GetSwift was ordered to pay A$15mn. Three former directors were also penalised.
Crypto / Digital Assets
US SEC Files Securities Fraud Charges Over Terra Collapse
By Editors | 17/02/2023
The Terraform ecosystem was ‘simply a fraud propped up by a so-called algorithmic stablecoin’, says Gurbir Grewal.
Enforcement
Enforcement ‘At the Heart’ of ASIC’s Work: Joe Longo
By Sanday Chongo Kabange | 16/02/2023
ASIC warns that it will target greenwashing, predatory lending and misleading insurance pricing promises.
Enforcement
Japan Court Orders SMBC Nikko to Pay 5 Billion Yen Penalty
By Editors | 15/02/2023
SMBC Nikko Securities propped up the prices of ten stocks before arranging block trades between major shareholders and investors.
Enforcement
SEBI Confirms Adani Probe, DBS Explains Exposures
By Manesh Samtani | 14/02/2023
SEBI enquiring into the Hindenburg allegations as well as market activity for regulatory violations. DBS has exposures to Adani Group worth S$1.3bn.
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