ENFORCEMENT

    Enforcement

    Another Former CSRC Official Under Corruption Probe

    By Editors | 14/06/2022

    The probe is linked to another investigation involving an official who worked for the CSRC department that oversaw listings on the ChiNext board.

    Securities / Derivatives

    CSRC Orders Six Brokerage Firms to Correct Violations

    By Editors | 14/06/2022

    The CSRC has issued warning letters to six securities companies, ordering them to correct violations involving their overseas subsidaries.

    Enforcement

    Contracts for Difference: Playing with Fire

    By Emma Parry | 13/06/2022

    Increased regulatory scrutiny of CFDs highlights the need for a renewed focus on financial literacy and investor education, says Emma Parry.

    Enforcement

    Korean Police Arrest CEO of Discovery Asset Management

    By Editors | 13/06/2022

    CEO Jang Ha-won faces charges of fraud and violation of the Capitals Market Act for selling funds which caused $194mn in losses to investors.

    Enforcement

    Singapore Court Jails Listed Company CFO for Insider Trading

    By Editors | 13/06/2022

    The former CFO of Broadway Industrial Group communicated information to two friends about the sale of two of the company’s businesses 2016.

    Crypto / Digital Assets

    Korean Police Probe Possible Embezzlement at Terraform Labs

    By Editors | 13/06/2022

    Crypto exchanges are also being asked to draft guidelines on the listing and delisting of digital tokens, so as to protect investors from another Terra-like collapse.

    Enforcement

    SFC Proposes SFO Revisions to Improve Enforcement Tools

    By Sanday Chongo Kabange | 13/06/2022

    The amendments relate to SFO provisions on remedial orders, insider dealing, and advertising of investment products.

    AML / KYC

    Japan Ministry Seeks Powers to Confiscate Crypto Assets

    By Editors | 12/06/2022

    Japan’s organised crime law currently only allows seizures of real property, movable assets and monetary claims, but not crypto assets.

    Enforcement

    ASIC Issues Guidance on Financial Adviser Warnings, Reprimands

    By Editors | 12/06/2022

    ASIC can issue a warning or reprimand to a financial adviser in circumstances where it does not plan to take stronger enforcement action.

    Enforcement

    US Ruling Calls Into Question Key SEC Enforcement Mechanism

    By Editors | 12/06/2022

    The Fifth Circuit court ruled that the SEC’s use of in-house administrative law judges deprived the petitioners of the right to a jury trial.

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