Enforcement

Enforcement

Korea FSS Expands Banking Industry Probe into FX Trading

By Editors | 06/07/2022

The probe was prompted by abnormal trading activity at Woori and Shinhan Bank. Other banks have been asked to conduct internal inspections.

Enforcement

US DOJ Files Charges Against Six Individuals Over Crypto Frauds

By Editors | 04/07/2022

Criminal charges were filed in four separate cases of alleged crypto-related fraud, including the largest known NFT scheme charged to date.

Enforcement

SEBI Fines NSE, Infotech, Six Others Over Algo Trading Scandal

By Editors | 04/07/2022

NSE awarded a contract to Infotech despite conflicts of interest. Confidential NSE data was then misused to develop algorithmic trading software.

Enforcement

Tougher Enforcement, Regulation on ESG Funds a “Wake-up Call”

By ESG Investor | 03/07/2022

DWS whistle-blower Desiree Fixler welcomes enforcement action as necessary to deal with greenwashing.

Enforcement

SEBI Fines NSE, Officials, Brokers in Colocation Case

By Editors | 02/07/2022

SEBI fined the NSE, five officials, Sampark Infotainment, two brokerage firms and nine other individuals connected to the case.

Capital / Liquidity

MAS Reprimands Crypto Hedge Fund Three Arrows Capital

By Editors | 01/07/2022

MAS said Three Arrows Capital exceeded its allowable AUM and gave the regulator a false representation. The company entered into liquidation this week.

Enforcement

US SEC Fines EY for Employee Cheating on CPA Exams

By Editors | 30/06/2022

The settlement is largest penalty the SEC has ever imposed against an audit firm, double KPMG’s 2019 penalty.

Enforcement

ASIC Wins Appeal Against Payday Lenders Cigno, BHF Solutions

By Editors | 30/06/2022

ASIC is now considering using its broader product intervention powers to address consumer detriment in continuing credit contracts.

Enforcement

Korea to Launch Investigation Team to Combat Voice Phishing

By Editors | 30/06/2022

The plan was announced in response to the death of a small business owner who committed suicide after he was scammed out of more than KRW 160 million.