Enforcement

Enforcement

CFTC Suspends Longest Serving Inspector General for Misconduct

By Editors | 05/05/2023

An oversight body for inspectors general found that Roy Lavik wasted government funds, revealed the identities of whistleblowers, and disparaged employees.

Enforcement

Australia Court Sentences ‘Finfluencer’ for Manipulation

By Editors | 04/05/2023

This is the first time a person has been sentenced under a provision of the Corporations Act that covers the dissemination of information about illegal transactions.

Enforcement

SEBI Seeks More Time to Complete Adani Group Probe

By Editors | 04/05/2023

The probe has made slow progress because of difficulties obtaining information from foreign regulators. Some foreign funds have also refused to identify their beneficial owners.

Enforcement

ASIC Penalises Stockbroker for Mishandling Stock Buyback

By Editors | 04/05/2023

During an on-market buyback, Ord Minnett executed a pre-arranged transaction to buy shares at above-market prices, giving “preferential treatment” to the selling client.

Enforcement

Former CITIC Bank Exec Engaged in Insider Dealing, SFC Says

By Editors | 04/05/2023

The former executive of China CITIC Bank International made HK$3mn from using inside information to trade shares of Bloomage BioTechnology Corporation.

ESG / Sustainability

Australia: Taxonomy Needed to Effectively Combat Greenwashing

By Editors | 03/05/2023

Minister Stephen Jones said ASIC will only be able to catch the most egregious examples of greenwashing unless Australia gets its taxonomy right.

Enforcement

Philippine SEC to Raise Penalties for Late Filing of Reports

By Sanday Chongo Kabange | 03/05/2023

In addition to higher monetary fines, the SEC may label a company ‘delinquent’ or revoke its registration in case of repeated failures.

Crypto / Digital Assets

OFAC Fines Crypto Firm Poloniex for 66,000 Sanctions Violations

By Editors | 03/05/2023

Poloniex allowed customers located in Crimea, Cuba, Iran, Sudan, and Syria to engage in online digital asset-related transactions worth $15.3mn.

Enforcement

HK Court Freezes Assets of Former Morgan Stanley Manager

By Editors | 03/05/2023

The former manager used inside information from a deal Morgan Stanley was advising on to generate HK$4.2mn in profits for herself and a friend.