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Securities / Derivatives
China: Fund Houses Slash ETF Fees as Active Managers Underperform
By Mark Johnston | 22/11/2024
Major Chinese fund companies have announced significant fee reductions for equity ETFs, intensifying competition in the rapidly expanding market.
Fintech / Regtech
Goldman Sachs to Make GS DAP Platform “Industry-owned”
By Nithya Subramanian | 22/11/2024
Goldman will establish a new, standalone company to spin out GS DAP so that it can be used by more participants to interoperate seamlessly.
Enforcement
SFC Suspends Former Yuanta Securities Licensee for 26 Months
By Mark Johnston | 22/11/2024
The former licensee had a secret profit-sharing agreement with a client, failed to disclose personal dealings, and made false representations to the SFC.
Enforcement
Former Richmond Fed Official Pleads Guilty to Insider Trading
By Mark Johnston | 22/11/2024
The official used confidential information about FIs under Federal Reserve Bank of Richmond supervision to profit from stock trading.
Market Infrastructure
ASX Amends Position Reporting Framework, Operating Rules
By Editors | 21/11/2024
The changes aim to align terminology with global practice, clarify reporting requirements, and remove burdensome notification requirements.
Securities / Derivatives
Dalian Commodity Exchange Launches Log Futures, Options
By Editors | 21/11/2024
The new contracts are expected to facilitate more open and transparent log pricing and enhance China’s influence in the global timber industry.
Enforcement
US Court Sentences Archegos Founder to 18 Years in Jail
By Nithya Subramanian | 21/11/2024
Bill Hwang caused over $100bn in shareholder losses at companies in Archegos’ portfolio and $10bn in losses at banks that lent to the firm.
Securities / Derivatives
FSC Korea Amends Rules to Boost Competitiveness of Public Funds
By Mark Johnston | 21/11/2024
South Korea’s FSC has announced regulatory amendments aimed at enhancing the competitiveness of public funds while also enhancing investor protections.
Enforcement
Korea FSS to End Short-Selling Investigation by Year-End
By Nithya Subramanian | 20/11/2024
FSS Governor Lee Bok-hyun told Hong Kong institutional investors that the investigation into illegal short selling will be complete by year-end.
Enforcement
CSRC Takes Over Futures Firm for “Out-of-control Management”
By Editors | 20/11/2024
Hehe Futures Co Ltd is controlled by Lin Qiang, a fugitive tycoon who was arrested in Indonesia last month after fleeing China in August 2023.
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