ENFORCEMENT

Enforcement

Hong Kong Hedge Fund Manager To Disgorge False Trading Profit

By Sanday Chongo Kabange | 05/07/2024

The MMT has ordered a hedge fund manager to disgorge HK$ 5.6 million illicit profit and disqualified him for four years.

Enforcement

FMA Censures DeVere for FAP Licence Breaches

By Sanday Chongo Kabange | 05/07/2024

The FMA censured deVere for failing to ensure its clients understood the financial advice offered to them.

Enforcement

Singapore Jails Former Fund Manager for Deceptive Conduct

By Editors | 04/07/2024

Sun Weiyeh is the first to be convicted under the SFA for fraudulent or deceptive conduct relating to OTC bond trading.

Enforcement

US Court Rejects Visa, Mastercard Antitrust Settlement

By Manesh Samtani | 04/07/2024

The court said Visa and Mastercard could withstand a “substantially greater judgment” than the $30bn settlement proposed in March.

Enforcement

MAS Fines GSG Capital Director for Insider Trading

By Editors | 04/07/2024

The sole shareholder and director of GSG Capital bought shares in SGX-listed GS Holdings while in possession of material non-public information.

Enforcement

Korea Imposes Largest Ever Short-Selling Fine on Credit Suisse

By Sanday Chongo Kabange | 04/07/2024

The SFC has imposed a $19.5 million combined fine on Credit Suisse and its Singapore affiliate for naked short sale activities.

AML / KYC

Singapore Introduces New Anti-Money Laundering Bill

By Nithya Subramanian | 04/07/2024

The new Anti-Money Laundering and Other Matters Bill aims to make it easier to prosecute money laundering cases and tightens casino rules.

Enforcement

Korea FSS to Penalise KB Securities and Hana Securities

By Editors | 04/07/2024

The brokerage firms engaged in illegal self-trading to transfer profits and losses of some customers to other customers.

Crypto / Digital Assets

US SEC Charges Consensys for Operating as Unregistered Broker

By Manesh Samtani | 03/07/2024

The SEC said Consensys Software Inc sold unregistered securities and performed brokerage functions by offering staking services in its popular wallet tool.