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Enforcement
Korea May Start Naming Foreign Firms Engaged in Illegal Short-Selling
By Editors | 09/10/2022
Local securities firms are required to notify investors if they are fined for violating short selling-related rules, but this is not the case for foreign investors.
Enforcement
FSA Bars SMBC Nikko from Block Trades for 3 Months
By Editors | 09/10/2022
SMBC Nikko Securities was also found to have shared confidential information of several corporate clients without their consent with its parent’s banking unit.
Enforcement
New Zealand: Conduct Issues Result in Remediation Worth NZ$150m
By Editors | 08/10/2022
Conduct issues in the life insurance and banking sectors resulted in over NZD 43 million and NZD 109 million in customer remediation, respectively.
Enforcement
HK Court Orders Founder to Buy Shares from Wronged Investors
By Editors | 07/10/2022
The order is the first made to require a listed company executive to buy shares held by other investors “at a price to be determined by the court”.
AML / KYC
Singapore Passes Amendments to Accountants Act
By Manesh Samtani | 06/10/2022
ACRA is empowered to conduct inspections on accounting entities, compel them to remediate lapses identified, and impose sanctions when necessary.
AML / KYC
European Council Adopts Eighth Russia Sanctions Package
By Editors | 06/10/2022
The package completely bans the provision of crypto wallets, accounts, or custody services to Russian nationals and entities, among other measures.
Crypto / Digital Assets
CFTC Allowed to Serve Complaint to DAO Through Website
By Editors | 05/10/2022
The CFTC intends to hold any voting member of the Ooki DAO individually liable for violations of the Commodity Exchange Act and CFTC regulations.
Enforcement
China FX Regulator Fines Ten Banks for Violations
By Editors | 04/10/2022
China Development Bank was handed the largest penalty, amounting to CNY 42.7 million. The other nine banks were fined a combined CNY 6.6 million.
Crypto / Digital Assets
US SEC Fines Celebrity Kim Kardashian for Promoting Crypto
By Editors | 04/10/2022
Kardashian failed to disclose the compensation she received to promote EMAX tokens on Instagram. The case is a warning to other celebrities and influencers.
Enforcement
Hong Kong Charges 13 in Suspects Over Ramp-and-Dump Scheme
By Editors | 03/10/2022
The suspects allegedly used different social media platforms to manipulate the trading in the shares of two Hong Kong-listed companies.
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