Enforcement

Enforcement

Korean Regulator Promises to Punish Convertible Bond Abuse

By Editors | 25/01/2023

The FSS says unfair trade practices and market manipulation are occurring in private placements of convertible bonds.

Enforcement

US SEC Fines Bloomberg Over “Misleading” BVAL Disclosures

By Editors | 25/01/2023

SEC commissioners Hester Peirce and Mark Uyeda issued a joint statement saying they do not support the action against Bloomberg.

Crypto / Digital Assets

Action Against Crypto Firm Bitzlato Yields Seizures, More Arrests

By Editors | 25/01/2023

Authorities seized EUR 18 million in crypto wallets and froze EUR 50 million in accounts at other crypto exchanges, Europol says.

Crypto / Digital Assets

FTX Explores Possible Revival of Global Crypto Business

By Sanday Chongo Kabange | 25/01/2023

FTX’s replacement CEO believes reviving the business could recover more value for customers than a liquidation of assets or sale of the platform.

Enforcement

SEC Complaint Lodged Against SLB For Misleading Claims

By ESG Investor | 23/01/2023

A whistleblower complaint has been filed to the US SEC calling for an investigation sustainability-linked bonds issued by Brazilian meat giant JBS.

AML / KYC

US SEC Fines Crypto Firm Nexo for Unregistered Securities Offering

By Manesh Samtani | 20/01/2023

Nexo settled charges from US regulators for $45mn. The company was separately raided by Bulgarian authorities last week.

AML / KYC

German Prosecutors Search Norton Rose Offices in Cum-Ex Probe

By Editors | 20/01/2023

A former staff member of Norton Rose Fulbright is said to be a suspect in the tax fraud probe, which dates back more than a decade.

Enforcement

US DOJ Revises Enforcement Policy to Incentivise Cooperation

By Editors | 20/01/2023

Companies that voluntarily disclose suspected criminal activity or misconduct to federal prosecutors can receive up to a 75 percent reduction in penalties.

Enforcement

SEBI Probes Nippon Mutual Fund, Yes Bank Transactions – Report

By Editors | 20/01/2023

SEBI is investigating whether investments in Yes Bank perpetual bonds were made as part of a special deal to benefit Ambani Group companies.