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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.
Enforcement
Singapore Police Arrest Eight Involved in SMS Phishing Scams
By Editors | 10/06/2022
The scammers were arrested after more than SGD 60,000 was lost in SMS phishing scams targeting DBS customers.
Enforcement
ASIC Sues Payday Lender Over ‘Prohibited’ Fees
By Editors | 09/06/2022
The case involves over 670,000 contracts entered into by Sunshine Loans that included an amendment or rescheduling fee that is not permitted.
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