ENFORCEMENT

Enforcement

SEBI Penalises NSE, Former Officials in Colocation Case

By Editors | 12/02/2021

SEBI says NSE failed to ensure fair and equitable access by trading members subscribing to its tick-by-tick data feed system.

AML / KYC

CSRC Targets ‘Shadow Shareholders’ in New Guidelines

By Editors | 12/02/2021

A 36 month lock up period is being introduced for investors who purchase shares in companies within 12 months before their IPO applications.

Enforcement

SFC Freezes Brokerage Accounts Linked to Social Media Scam

By Editors | 11/02/2021

One of the SFC’s top priorities for the year is to crack down on ramp and dump scams and other types of market manipulation conducted through social media.

AML / KYC

US Imposes Sanctions Against Myanmar Military Leaders

By Editors | 10/02/2021

Joe Biden has approved a new executive order enabling the US to immediately sanction the military leaders who directed the 1 February coup in Myanmar.

Crypto / Digital Assets

AFCA Compels NAB to Repay Scammed Customers – Report

By Editors | 10/02/2021

The bank had to repay over A$200,000 to an elderly couple after it was unable to produce records showing it had warned them about a cryptocurrency scam.

Enforcement

Leaked Report Reveals Credit Suisse Culpability in Lescaudron Fraud

By Sanday Chongo Kabange | 09/02/2021

The case involved Patrice Lescaudron, a French banker who was jailed for defrauding clients in 2018 before committing suicide last year following his early release.

Enforcement

FINRA Fines HSBC Securities Over Employee Screening Failures

By Editors | 09/02/2021

FINRA fined HSBC Securities $650,000 for failing to screen 2,191 non-registered associated persons for statutory disqualification.

Enforcement

Luckin Coffee Files for Bankruptcy to Facilitate Restructuring

By Editors | 08/02/2021

Luckin said it will continue to pay suppliers, vendors and employees while it negotiates with its stakeholders regarding a restructuring of its financial obligations.

Enforcement

Korea FSS Seeks Prosecution of Hana Financial CEO

By Editors | 08/02/2021

The regulator said it discovered illegal trading activities by CEO Lee Jin-kuk during an inspection of Hana Financial Investment last year.