ENFORCEMENT

Enforcement

RBI Halts Loan Activities of Four NBFCs Over Compliance Issues

By Nithya Subramanian | 23/10/2024

The RBI ordered four NBFCs to stop disbursing new loans due to excessively high rates which are non-compliant with regulatory guidelines.

Enforcement

US SEC Fines WisdomTree for ESG Compliance Failures

By Nithya Subramanian | 22/10/2024

The investment adviser agreed to pay a $4mn fine for failing to exclude fossil fuel and tobacco investments from its ESG-marketed funds.

Enforcement

SGX RegCo Reprimands Former Directors and CEO of Sunrise Shares

By Nithya Subramanian | 22/10/2024

Five individuals were reprimanded for failing to implement effective internal controls and for reporting inaccurate financial results.

Enforcement

US Authorities Arrest Man Over False SEC Tweet on Bitcoin ETFs

By Editors | 22/10/2024

The arrestee had used a SIM swap attack in January to obtain access to the SEC’s X account, while his co-conspirators issued the fraudulent tweet.

Enforcement

SFC Suspends Former Private Banker for Regulatory Breaches

By Editors | 22/10/2024

The former Julius Baer private banker lied about meeting a client face-to-face for account opening and about 14 transactions being unsolicited.

Enforcement

Shinhan Investment Corp Under Probe for “Unusual” Futures Losses

By Editors | 19/10/2024

Shinhan Investment Corp experienced a KRW 13 billion in futures trading losses while it was acting as a liquidity provider for ETFs.

Enforcement

DOJ Secures $950m Settlement to Settle Bribery, Fraud Charges

By Editors | 19/10/2024

RTX Corporation, the defence contractor formerly known as Raytheon, defrauded the US government through its billings and paid bribes to secure contracts in Qatar.

Enforcement

OFAC Fines Beverage Company for Violating DPRK Sanctions

By Editors | 18/10/2024

Vietnam Beverage Company Limited subsidiaries sold beer and spirits to North Korea, with the payments processed through US correspondent banks.

Enforcement

SGX Lifts Moratorium on UOBKH Following Remedial Actions

By Nithya Subramanian | 18/10/2024

UOBKH is now allowed to resume acting as an issue manager or full sponsor for new IPOs and reverse takeovers on SGX.