ENFORCEMENT

Enforcement

US Court Fines Chinese Citizen for Fictitious Sales Scheme

By Mark Johnston | 27/10/2024

Yueyu Bao was fined and banned for orchestrating a series of non-competitive, fictitious trades with his cousin on the Chicago Board of Trade.

Sanctions

DOJ Can Prosecute State-Owned Turkish Bank, Court Rules

By Editors | 25/10/2024

Halkbank was accused in 2019 of helping Iran to evade US sanctions, but the possibility of legal immunity surrounding the case has been ongoing until now.

Enforcement

ASIC Sues Australia’s Largest Insurer for Overcharging Premiums

By Thisanka Siripala | 25/10/2024

QBE Insurance promised certain discounts on premiums that were not properly applied, leading to higher-than-expected premiums for many policyholders.

Enforcement

US SEC Settles Charges with Associate of Short Seller Andrew Left

By Mark Johnston | 24/10/2024

The SEC said Ryan Choi misled investors in two tweets and profited from trades in two companies without properly disclosing his trading activity.

Enforcement

US CFPB Imposes Penalties on Goldman Sachs and Apple

By Nithya Subramanian | 24/10/2024

Goldman is banned from launching new credit card products until it can demonstrate compliance with federal law.

Enforcement

CSRC Punishes Firms Over Investment Banking Internal Controls

By Manesh Samtani | 24/10/2024

The CSRC suspended the bond underwriting businesses of two securities firms for 6 months, and imposed administrative measures on a further 11 firms and 43 individuals.

Enforcement

Japan: TSE Official & Judge Under Separate Insider Trading Probes

By Manesh Samtani | 24/10/2024

A TSE official leaked information to his relative multiple times. The judge engaged in insider trading while on temporary assignment at the FSA.

Crypto / Digital Assets

Nigeria Releases Binance Executive, Drops Money Laundering Charges

By Nithya Subramanian | 24/10/2024

Tigran Gambaryan had been detained since February on money laundering charges, which have now been dropped.

Enforcement

US SEC Fines Four Companies Over Misleading Cyber Disclosures

By Mark Johnston | 24/10/2024

The four companies provided misleading disclosures about cybersecurity breaches associated with the SolarWinds hack.