Enforcement

Enforcement

Japan Investigates Bank Employee for Insider Trading

By Thisanka Siripala | 14/02/2025

A former employee of Sumitomo Mitsui Trust Bank is suspected of making illegal profits from stock transactions based on non-public tender offer information.

Sanctions

US Releases Convicted Former Operator of BTC-e in Prison Swap

By Editors | 14/02/2025

Alexander Vinnik was in US custody awaiting sentencing after pleading guilty last year for conspiracy to commit money laundering.

Enforcement

Korea’s FSS Expands Probe Into IBK’s Fraudulent Loan Scheme

By Thisanka Siripala | 13/02/2025

Fraudulent loans worth KRW 60 billion have been identified, which is more than double the original estimate when the FSS launched its probe last month.

Crypto / Digital Assets

US SEC Delays Outstanding Crypto Cases Pending Regulatory Clarity

By Mark Johnston | 13/02/2025

The US SEC agreed to pause court cases against Binance and Cumberland DRW while its new crypto task force formulates regulatory guidelines.

Enforcement

US Court Orders ‘My Big Coin’ Founder to Pay $7.6m in Restitution

By Mark Johnston | 12/02/2025

Randall Crater, previously sentenced to serve over eight years in prison, is required to pay victims who were defrauded in the “My Big Coin” scheme.

Enforcement

FSC Korea Revises Regulations for Credit Rating Agencies

By Nithya Subramanian | 12/02/2025

Explicit penalties introduced for corporate credit rating agencies found engaging in fraudulent evaluations or coercing specific rating outcomes

Enforcement

HSBC Acquitted of Violating South Korea’s Short-Selling Rules

By Thisanka Siripala | 12/02/2025

The court said there was no evidence to support the idea that HSBC and its traders knowingly violated South Korea’s Capital Markets Act

Enforcement

US Consumer Financial Protection Bureau Suspends Activities

By Nithya Subramanian | 11/02/2025

Acting Director Russell Vought directed employees to stay home and pause all CFPB investigations and enforcement actions.

Enforcement

Korea’s FSS Issues Advisory on Misleading ETF Advertisements

By Nithya Subramanian | 11/02/2025

An FSS review of 252 ETF advertisements found exaggerated claims, inappropriate wording and omission of key information.