Enforcement

Enforcement

Goldman Banker Tim Leissner Banned for Life in Hong Kong

By Editors | 04/07/2019

Leissner’s conduct in relation to the Malaysian state fund 1MDB called into question his fitness and properness to be a licensed person, the SFC said.

Enforcement

Hong Kong Hedge Fund Penalised by CFTC, CME

By Editors | 04/07/2019

Elephas Investment Management was found to have violated wheat futures speculative position limits established by the CFTC.

Enforcement

SFC Gains Access to Mainland Audit Papers for Investigations

By Editors | 04/07/2019

The MOF and CSRC agree to provide the “fullest assistance” in response to SFC requests for investigative assistance regarding the provision of audit working papers.

Enforcement

Stronger Whistleblower Protections Take Effect in Australia

By Editors | 02/07/2019

The stronger protections for whistleblowers apply to misconduct or an improper state of affairs or circumstances, not just breaches of the law.

Enforcement

MUFG Bank Reaches Settlement with New York State Regulator

By Editors | 28/06/2019

The agreement settles claims relating to MUFG’s switch from state to federal oversight in November 2017, as New York regulators asserted continuing regulatory authority.

Enforcement

ASIC Imposes Lifetime Ban on Former Westpac Adviser

By Editors | 27/06/2019

The former adviser is said to have prioritised his own interests over those of his clients by providing inappropriate advice that maximised fees and commissions.

Enforcement

RBNZ to Intensify Supervision of Financial Institutions

By Editors | 27/06/2019

The RBNZ is reviewing its regulatory requirements and intensifying its supervision of financial institutions to boost the resilience of New Zealand’s financial system.

Enforcement

ASIC Consults on Use of New Product Intervention Power

By Editors | 27/06/2019

The draft regulatory guide sets out the scope of ASIC’s new powers, when and how it expects to use the power, and how a product intervention order is made.

Enforcement

HKEX Official Arrested in ICAC-SFC Joint Operation

By Editors | 27/06/2019

The ICAC has arrested the former joint head of IPO vetting for HKEX, and two others, for “suspected corruption and misconduct” in relation to the vetting of listing applications.