Enforcement

Enforcement

SEBI Warns Asset Managers on Dividend Distribution Practices

By Garima Chitkara | 26/07/2018

SEBI chairman asked fund managers to ensure they are safeguarding investor interests while highlighting lapses involving dividends that were distributed without the consent of board trustees.

Enforcement

Mizuho To Pay $1.25mn Fine To US SEC

By Manesh Samtani | 26/07/2018

SEC alleged that Mizuho failed to prevent traders sharing stock buyback information pertaining to its issuer clients with each other and with hedge fund clients.

Enforcement

SFC Fines HSBC Unit $1.2mn on Bond Solicitations

By Mark Pufpaff | 23/07/2018

HSBC Broking Securities failed to conduct proper due diligence on bonds recommended to clients and to implement effective systems ensure suitability with client needs.

Enforcement

S. Korea to Name-and-Shame Consumer Protection Wrongdoers

By Editors | 23/07/2018

Financial firms that have neglected consumer protection to be named in list published this month, in an effort to hold them more accountable.

Enforcement

ASIC to Boost Regulatory Reporting Requirements to Deter Misconduct

By Manesh Samtani | 22/07/2018

Deputy chair Peter Kell said ASIC wants increased volume and granularity of data reporting as it seeks to combat misconduct and improve consumer outcomes in financial services.

Enforcement

Beijing High Court Overturns CSRC Fine in Insider Trading Case

By Mark Pufpaff | 20/07/2018

The court overturned a ¥130mn fine due to lack of testimony from the person who allegedly provided the key deal information in the case.

Enforcement

SFC Bans Former StanChart Securities Executive for Three Years

By Mark Pufpaff | 20/07/2018

Joseph Hsu Kay Hing failed to exercise appropriate care in his responsibilities as sponsor principal and responsible officer during the supervision of a 2009 listing application.

Enforcement

South Korea Investigates Four More Banks for Lending Fraud

By Garima Chitkara | 19/07/2018

Four regional banks suspected of wrongfully calculating loan rates for consumers will be investigated by the FSS starting next month, after internal probes found over 290 cases of lending fraud.

Enforcement

Korea Exchange to Boost Monitoring of Short Selling

By Garima Chitkara | 19/07/2018

KRX will launch punitive action for breach of short selling norms by Goldman Sachs and boost its monitoring of improper short selling.