Enforcement

Enforcement

HSBC, Australian Trader Involved in Spate of US ‘Spoofing’ Cases

By Samuel Riding | 31/01/2018

HSBC’s US securities operations agree to pay $1.8bn after CFTC allegations it was involved in ‘numerous acts of spoofing’.

Enforcement

China Tightens Outbound Investment Rules Despite Decline in 2017

By Editors | 29/01/2018

Temporary rules require more detailed filings on investment plans; enforcement to focus on deals worth $300mn or more or to sensitive countries, regions and industries.

Enforcement

China Regulator Sees Spike in Market Manipulation

By Samuel Riding | 29/01/2018

CSRC representative says recent days have seen ‘unusual trading’ in some market segments and individual stocks.

Enforcement

ASIC Finds Clear Bias Towards In-house WMPs at Big Banks

By Garima Chitkara | 26/01/2018

The report says 68 percent of clients are heavily invested in banks’ in-house products; advisors may face bans if conflicts of interest are not managed better.

Capital / Liquidity

Single Branch of Chinese Bank Fined $72mn for Hiding Bad Loans

By Editors | 24/01/2018

Branch of Shanghai Pudong Development Bank admits fault for issuing more than more than $12bn to over 1,400 shell companies.

Enforcement

Singaporean Jailed for 4 Months for ‘False Trading’

By Editors | 24/01/2018

Mok Piak Liang convicted of manipulating share price to push up value of stock pledged to margin account and avoid having to top-up account by other means.

Crypto / Digital Assets

ASIC Seeks Stronger Powers to Combat Cybercrime

By Manesh Samtani | 23/01/2018

Parliamentary submission suggests reforms allowing ASIC to assume identities on the dark web, share phone data with foreign regulators, seize electronic devices.

Enforcement

HKEX Issues Northbound Stock Connect Market Misconduct Guidelines

By Editors | 22/01/2018

Information pack shows only one divergence between what is considered misconduct in mainland China versus Hong Kong.

Enforcement

Thailand Implements New Market Misconduct Penalty Scheme for Banks

By Editors | 20/01/2018

New market conduct rules to be implemented over next few weeks; Violators can be barred from operating or fined up to 1mn baht per day.