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Enforcement
Securities / Derivatives
SEBI Dismisses Co-location Case Against NSE and Executives
By Ajoy K Das | 18/09/2024
SEBI had directed NSE to disgorge billions of dollars in 2019, but the Securities Appellate Tribunal ordered the case to be re-adjudicated.
Crypto / Digital Assets
FTX Founder Files Appeal Against Fraud Conviction
By Thisanka Siripala | 18/09/2024
Sam Bankman-Fried’s lawyers argue that the judge in the case undermined the defence and blocked evidence from being shown in court.
ESG / Sustainability
US SEC Has Disbanded Enforcement Division’s ESG Task Force
By Nithya Subramanian | 18/09/2024
The SEC shut down the task force following increasing anti-ESG backlash from companies, investors, state officials and courts.
Enforcement
Korea FSS Prepares to Penalise Six Securities Firms – Reports
By Nithya Subramanian | 18/09/2024
The securities firms allegedly used funds from new customers or their own capital to cover investment losses by institutional and corporate investors.
Enforcement
US SEC Fines 12 Municipal Advisors for Record Keeping Violations
By Editors | 18/09/2024
The 12 firms agreed to pay combined penalties of more than $1.3mn for failures to preserve records of business communications using unofficial channels.
Enforcement
France Attempting to Use New Cybercrime Law Against Telegram Founder
By Editors | 18/09/2024
The LOPMI law, enacted in 2023 and as yet untested, is the first globally that gives a court the power to punish executives for abuse of the platforms they operate.
Enforcement
SFC Reaches Compensation Deal for Shareholders of Delisted Firm
By Sanday Chongo Kabange | 17/09/2024
If approved by the court, three former directors who siphoned money from a now-delisted company will pay HK$192mn in compensation to minority shareholders.
AML / KYC
Singapore Charges Vietnamese-American for Laundering $8.3m
By Nithya Subramanian | 17/09/2024
The Singapore Police Force said investigations have found that the funds were likely derived from overseas investment scams.
AML / KYC
US OCC Imposes Restrictions on Wells Fargo for AML Deficiencies
By Editors | 17/09/2024
The OCC requires Wells Fargo to address deficiencies and seek prior written approval before launching new products or services or entering new geographies.
AML / KYC
India’s Adani Group Defends Against Allegations of Swiss Probe
By Ajoy K Das | 17/09/2024
Hindenburg Research says $310mn of Adani Group’s funds have been frozen in Switzerland in connection with a money laundering probe.
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