Enforcement

Enforcement

UK FCA Fines Goldman for MiFID Transaction Reporting Failures

By Editors | 29/03/2019

Goldman has been penalised over $44mn for making over 220 million transaction reporting errors over 9.5 years. The fine is larger than UBS received earlier this month.

Enforcement

Singapore Charges Three for Spoofing Index Futures

By Editors | 28/03/2019

In a MAS-CAD joint investigation, three individuals are being charged for allegedly spoofing SGX-MSCI index futures and giving false statements to SGX.

Enforcement

APRA May Intervene to Shift Bank Remuneration Practices

By Editors | 28/03/2019

APRA chairman Wayne Byres says banks could lose their power to set executive pay if they are not more proactive about changing remuneration practices.

Enforcement

India’s PNB Fined for Non-Compliance with SWIFT Norms

By Editors | 27/03/2019

The fine is significant because it was at Punjab National Bank where the $1.8b fraud occurred that prompted the RBI’s order for banks to link their core systems with SWIFT.

Enforcement

Citigroup Faces $1.2m Fine in Japan over Alleged JGB Manipulation

By Editors | 27/03/2019

Citigroup’s London office allegedly placed large orders in the 10-year JGB futures market outside of Japanese trading hours that were not executed, but may have mislead investors.

Enforcement

SEBI Seeks Broader Powers to Pursue Securities Law Violations

By Editors | 25/03/2019

SEBI wants to be able to inspect the books of listed companies when it suspects any securities law violations, and to impose penalties for the manipulation of a company’s accounts.

Enforcement

ASIC, APRA, Courts to Get More Funding to Pursue Misconduct

By Manesh Samtani | 25/03/2019

In the 2019-2020 budget, Australia’s government will provide more than A$585mn in new funding to regulators and the court system to help stamp out financial sector misconduct.

Enforcement

S. Korea FSS’ Integrity Questioned in Local Report

By Editors | 22/03/2019

As discussions progress on granting the FSS greater investigative powers, a local media report raised questions on the regulator’s integrity, citing its 2018 requests that fines against its staff be dismissed.

Enforcement

Singapore Court Issues First Jail Sentence for 2013 Penny Stock Crash

By Editors | 22/03/2019

Former Ipco International interim CEO Goh Hin Calm was sentenced to three years imprisonment for his role in the 2013 multi-billion-dollar penny stock crash.