Enforcement

Enforcement

Philippine SEC Strengthens Director Disqualification Rules

By Editors | 08/03/2022

The rules set out the conditions under which the SEC can disqualify and remove a director, trustee, or officer of a company.

Enforcement

Indian Police Arrest Former NSE Head Chitra Ramkrishna

By Sanday Chongo Kabange | 07/03/2022

The CBI said evidence shows that Ramkrishna engaged in a conspiracy with another executive, after she coerced NSE’s HR department to hire him.

Enforcement

SMBC Nikko Employees Arrested in Manipulation Probe

By Editors | 07/03/2022

Two Japanese and two foreign nationals were arrested for allegedly manipulating at least five stocks when handling block orders for clients.

Enforcement

NZ FMA Censures Derivatives Issuer Over Suitability Checks

By Editors | 05/03/2022

CTRL Investments allowed investors who could not demonstrate the necessary skills and knowledge to trade derivatives.

Enforcement

China CCDI Rebukes Financial Regulators Following Inspections

By Darien Choong | 05/03/2022

Following inspections that began last October, financial regulators and state owned institutions have been directed to rectify problems identified.

AML / KYC

DOJ Launches New Task Force Targeting Russian Oligarchs

By Editors | 04/03/2022

Task Force KleptoCapture will use “the most cutting-edge investigative techniques” to identify sanctions evasion and related criminal misconduct by Russian oligarchs.

Enforcement

Korean Broker and Bank Penalised Over Optimus Mis-selling

By Editors | 04/03/2022

NH Investment & Securities cannot sell new private equity funds for three months. Hana Bank cannot be appointed as a fund trustee for three months.

AML / KYC

1MDB: Ex-BNM Governor’s Husband Embroiled in Police Probe

By Sanday Chongo Kabange | 04/03/2022

The police, rather than the anti-corruption commission, are investigating Datuk Tawfiq Ayman and his alleged involvement in 1MDB.

Enforcement

SFC, HKEX Fine HSBC Securities for Regulatory Breaches

By Editors | 04/03/2022

The firm made errors when assigning BCANs to clients. It also oversold China securities due to deficiencies in its order management and algorithmic trading systems.